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...
The case involved valuation of imported goods, undervaluation, admissibility of appellant's statement u/s 108, documentary evidence, computer printouts u/s 138C, recovery of customs duty and penalties u/s 114A, 114AA, 112(a)(ii), and 112(b)(ii) of Customs Act. The appellant's statement was held voluntary, supported by documents. Computer printouts were admissible. Undervaluation was proven. Extended limitation period applied due to intent to evade duty. Confiscation upheld due to misdeclaration. Penalties u/s 112, 114A, 114AA imposed for willful suppression. Past imports valuation not upheld. Appeal partially allowed.
The case involved valuation of imported goods, undervaluation, admissibility of appellant's statement u/s 108, documentary evidence, computer printouts u/s 138C, recovery of customs duty and penalties u/s 114A, 114AA, 112(a)(ii), and 112(b)(ii) of Customs Act. The appellant's statement was held voluntary, supported by documents. Computer printouts were admissible. Undervaluation was proven. Extended limitation period applied due to intent to evade duty. Confiscation upheld due to misdeclaration. Penalties u/s 112, 114A, 114AA imposed for willful suppression. Past imports valuation not upheld. Appeal partially allowed.
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