PMLA anticipatory bail requires satisfaction of twin conditions, while predicate-offence protection does not extend to independent money-laundering pr...
School-affiliation charges remain taxable where not directly connected with examinations, while extended limitation requires proof of deliberate tax e...
The CESTAT held that the respondent-importer had wrongly claimed a lower IGST rate on import of a Single Jersey Circular Knitting Machine, constituting suppression of facts. The extended period of limitation and penalties u/s 114A were rightly invoked, as there was no mala fide intent. The imported goods were liable for confiscation u/s 111(m), but no redemption fine was imposed since the goods were unavailable. The Revenue's appeal was allowed, upholding the demand for short-paid duty while setting aside the penalties.
The CESTAT held that the respondent-importer had wrongly claimed a lower IGST rate on import of a Single Jersey Circular Knitting Machine, constituting suppression of facts. The extended period of limitation and penalties u/s 114A were rightly invoked, as there was no mala fide intent. The imported goods were liable for confiscation u/s 111(m), but no redemption fine was imposed since the goods were unavailable. The Revenue's appeal was allowed, upholding the demand for short-paid duty while setting aside the penalties.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4827 
Join Channel 
