Bona fide disclosure requirements govern under-reporting penalties, and post-penalty immunity applications cannot secure available statutory protectio...
Certificate-of-origin verification procedure governs preferential customs benefits; denial without retroactive verification was set aside with consequ...
Disciplinary Committee jurisdiction and mandatory investigation requirements invalidated cancellation of an insolvency professional's registration and...
Retention of seized property survives where recorded reasons support proceeds of crime, while stayed investigation periods are excluded from limitatio...
Specified income of Baddi Barotiwala Nalagarh Development Authority receives conditional tax exemption, retrospectively covering its designated assess...
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CESTAT Bangalore held that goods of foreign origin imported for repairs and return are eligible for exemption under the Notification No.153/1994. The appellant imported aircraft parts for repairing aircraft engines, stating spare parts would be used for repairs and exported. The Tribunal found the spare parts imported for repair/replacement of engines were exempt u/s Notification No.21/2002-Cus., even if cleared for home consumption. As goods were bonded, repaired, and exported, appellant qualified for Notification No.153/1994 benefit. The impugned order was set aside, and appeals allowed.
CESTAT Bangalore held that goods of foreign origin imported for repairs and return are eligible for exemption under the Notification No.153/1994. The appellant imported aircraft parts for repairing aircraft engines, stating spare parts would be used for repairs and exported. The Tribunal found the spare parts imported for repair/replacement of engines were exempt u/s Notification No.21/2002-Cus., even if cleared for home consumption. As goods were bonded, repaired, and exported, appellant qualified for Notification No.153/1994 benefit. The impugned order was set aside, and appeals allowed.
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