Bank account freezing requires statutory authority; anti-money-laundering compliance and KYC monitoring do not permit unilateral indefinite restrictio...
Handicraft job work receives concessional GST only for registered principals and predominantly handmade goods; commercial resin articles remain taxabl...
Re-classification of Thorn - The Tribunal upheld the reclassification of the imported goods to CTI 76020090, agreeing with the authorities that the original classification was a mistake. - The Tribunal concurred with the absolute confiscation of the goods under the discussed sections of the Customs Act. However, it adjusted the penalties, allowing for the redemption of the confiscated goods upon payment of a fine, acknowledging that while the importer lacked a necessary license, there was no hazardous material in the goods that would pose a risk to society. - Penalties under section 114AA were set aside due to the lack of intentional misdeclaration.
Re-classification of Thorn - The Tribunal upheld the reclassification of the imported goods to CTI 76020090, agreeing with the authorities that the original classification was a mistake. - The Tribunal concurred with the absolute confiscation of the goods under the discussed sections of the Customs Act. However, it adjusted the penalties, allowing for the redemption of the confiscated goods upon payment of a fine, acknowledging that while the importer lacked a necessary license, there was no hazardous material in the goods that would pose a risk to society. - Penalties under section 114AA were set aside due to the lack of intentional misdeclaration.
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