Deferred Payment of Customs Duty extended to Eligible Manufacturer Importers with electronic registration and ICEGATE authentication for conditional c...
Tariff classification determines GST schedule and rate; beverages in Schedule III attract the higher rate, tea extracts and syrups in Schedule I attra...
Fraudulent trading requires cogent evidence of intent to defraud; ordinary-course payments protected, except post-insolvency withdrawals must be resto...
Excess imported crude degummed soya bean oil was not liable to confiscation where the record showed that the importer directed the custodian not to release the tanker until customs duty on the excess quantity was paid, and the goods were ultimately cleared on payment of duty. On those facts, the redemption fine also could not survive. The Tribunal further found no collusion, wilful misstatement or suppression by either appellant, so penalty for alleged excess removal was not sustainable. The remand concerning the custodian was therefore also set aside.
Excess imported crude degummed soya bean oil was not liable to confiscation where the record showed that the importer directed the custodian not to release the tanker until customs duty on the excess quantity was paid, and the goods were ultimately cleared on payment of duty. On those facts, the redemption fine also could not survive. The Tribunal further found no collusion, wilful misstatement or suppression by either appellant, so penalty for alleged excess removal was not sustainable. The remand concerning the custodian was therefore also set aside.
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