Transaction value rejection requires reliable corroboration; refundable VAT is excluded and temporary registration does not defeat new-vehicle exempti...
Appellate jurisdiction remains available where a wrist-worn gold ornament cannot conclusively be characterised as imported baggage at the preliminary ...
Written complaint requirement bars cognizance on police reports for securities offences, while unsupported breach of trust and cheating allegations fa...
Risk-based postal import clearance standardises electronic assessment, document requests, duty realisation and delivery controls at Foreign Post Offic...
Customs Cargo Service Provider appointment extends custodianship to additional terminal land, subject to cargo-control, security and licence condition...
The CESTAT allowed the appeal filed by the Appellant against the demand of customs duty. The Tribunal held that the Appellant had obtained a bonded warehouse license u/s 58 of the Customs Act, 1962, and the manufacturing activity was carried out within the licensed premises in the knowledge of the Revenue authorities since 1986. Despite the impracticable conditions imposed under the license, the Revenue did not raise any objections for over 30 years. The Tribunal observed that there was no allegation of diversion or misuse of imported goods by the Appellant. The amendment to the license in 2017, enlarging the bonded area to the entire factory premises, was treated as a curative measure with retrospective effect from 2014. Consequently, the demands raised by invoking Sections 28 and 72 of the Customs Act were set aside by the Tribunal.
The CESTAT allowed the appeal filed by the Appellant against the demand of customs duty. The Tribunal held that the Appellant had obtained a bonded warehouse license u/s 58 of the Customs Act, 1962, and the manufacturing activity was carried out within the licensed premises in the knowledge of the Revenue authorities since 1986. Despite the impracticable conditions imposed under the license, the Revenue did not raise any objections for over 30 years. The Tribunal observed that there was no allegation of diversion or misuse of imported goods by the Appellant. The amendment to the license in 2017, enlarging the bonded area to the entire factory premises, was treated as a curative measure with retrospective effect from 2014. Consequently, the demands raised by invoking Sections 28 and 72 of the Customs Act were set aside by the Tribunal.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4784
Join Channel
TaxTMI 
