Authentication of paper assessment orders upheld, while qualifying repairs, consumables and vendor advance write-offs remain deductible business claim...
Transaction value cannot be rejected solely on non-statutory valuation guidelines without corroborative evidence supporting reassessment of final cust...
Cross-examination rights and corroborated evidence limit customs penalties for misdeclaration in genuine import transactions involving documented clea...
Tariff classification of vehicle gear components follows the specific gearing entry, displacing motor-vehicle parts classification and related liabili...
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CESTAT adjudicated a customs dispute involving 37.34 kg of saffron, finding procedural irregularities in stock verification. The tribunal rejected confiscation based on balance sheet assumptions, emphasizing the need for physical stock records. While identifying lapses in stock maintenance by the appellant, the tribunal partially modified penalties. The order reduced penalties under Sections 114A and 112(b)(ii), imposing a token penalty of Rs. 50,000 under Section 117 for improper record-keeping. The tribunal ultimately held that stock verification must rely on actual physical records rather than presumptive calculations, thereby partially allowing the appellant's challenge to the original customs order.
CESTAT adjudicated a customs dispute involving 37.34 kg of saffron, finding procedural irregularities in stock verification. The tribunal rejected confiscation based on balance sheet assumptions, emphasizing the need for physical stock records. While identifying lapses in stock maintenance by the appellant, the tribunal partially modified penalties. The order reduced penalties under Sections 114A and 112(b)(ii), imposing a token penalty of Rs. 50,000 under Section 117 for improper record-keeping. The tribunal ultimately held that stock verification must rely on actual physical records rather than presumptive calculations, thereby partially allowing the appellant's challenge to the original customs order.
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