Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
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Capital-goods exemption covers plant-modernisation accessories, while the import restriction applies only to earlier capital-goods components and spar...
Constitutional judicial review permits challenges to ECIRs and connected money-laundering proceedings where coercive action affects fundamental intere...
CESTAT upheld the demand for central excise duty, interest, and penalties against the appellant who contravened Notification No. 42/2001-CE and Excise Rule 19. The appellant had obtained CT-1 Certificates and removed goods without duty payment under two ARE-1 forms but failed to submit required documentation proving export. Instead of exporting the goods, the appellant sold them domestically to CEL. The Tribunal emphasized that Excise Rule 19 specifically requires evidence that goods removed from a factory must be exported, not merely sold domestically to parties who might eventually export them. As the appellant failed to follow prescribed export procedures, the appeal was dismissed.
CESTAT upheld the demand for central excise duty, interest, and penalties against the appellant who contravened Notification No. 42/2001-CE and Excise Rule 19. The appellant had obtained CT-1 Certificates and removed goods without duty payment under two ARE-1 forms but failed to submit required documentation proving export. Instead of exporting the goods, the appellant sold them domestically to CEL. The Tribunal emphasized that Excise Rule 19 specifically requires evidence that goods removed from a factory must be exported, not merely sold domestically to parties who might eventually export them. As the appellant failed to follow prescribed export procedures, the appeal was dismissed.
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