Transfer-pricing aggregation of distinct support-service and subcontract transactions was rejected, while debt-free receivables attracted no notional ...
Customs exemptions cover photovoltaic assembly machinery and PVF backsheets, while fully declared cleared imports may avoid confiscation and penalties...
Specific tariff classification for LCD devices overrides treatment as electricity-meter parts, defeating differential duty, extended limitation, and p...
Stayed disciplinary punishment does not establish unfitness for insolvency professional registration; reconsideration must disregard mere pendency of ...
Indirect corporate control can create related-party status, excluding financial creditors from Committee of Creditors representation, participation an...
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CESTAT upheld rejection of a customs duty refund claim filed on 09.01.2024 relating to payments made via challans between March-December 2017 under EPCG scheme. The appellant's claim was time-barred under Section 27 of Customs Act, 1962, as it exceeded the one-year limitation period from duty payment date. The Tribunal noted that no statutory relaxations under Section 27(1B) were applicable. Following precedent from IFGL Refractories case, CESTAT found no grounds to interfere with the original order rejecting the refund claim due to clear statutory time-bar. The appeal was dismissed on merits, affirming that limitation periods under Customs Act must be strictly observed.
CESTAT upheld rejection of a customs duty refund claim filed on 09.01.2024 relating to payments made via challans between March-December 2017 under EPCG scheme. The appellant's claim was time-barred under Section 27 of Customs Act, 1962, as it exceeded the one-year limitation period from duty payment date. The Tribunal noted that no statutory relaxations under Section 27(1B) were applicable. Following precedent from IFGL Refractories case, CESTAT found no grounds to interfere with the original order rejecting the refund claim due to clear statutory time-bar. The appeal was dismissed on merits, affirming that limitation periods under Customs Act must be strictly observed.
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