Commercial vehicle depreciation, scientifically determined warranty provisions and exempt-income disallowances were resolved in favour of the taxpayer...
Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
Cross-examination of retracted statements is essential where foundational evidence supports a benami allegation and documented funding explanations re...
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 appellate tribunal adjudicated a dispute concerning tobacco product classification, determining that the appellant intentionally misclassified goods as Chewing Tobacco instead of Jarda Scented Tobacco to evade higher duty rates. The SC's precedential ruling in Urmin Products conclusively established the appellant's deliberate misclassification. Consequently, the tribunal upheld levy of interest and penalty, finding the appellant liable for duty evasion. The court mandated payment of interest as compensatory measure and imposed penalty equivalent to the duty amount under applicable excise rules. The appeal was ultimately dismissed, affirming the revenue's position and confirming the goods' correct classification as Jarda Scented Tobacco under Tariff Entry 2403 9930.
CESTAT appellate tribunal adjudicated a dispute concerning tobacco product classification, determining that the appellant intentionally misclassified goods as Chewing Tobacco instead of Jarda Scented Tobacco to evade higher duty rates. The SC's precedential ruling in Urmin Products conclusively established the appellant's deliberate misclassification. Consequently, the tribunal upheld levy of interest and penalty, finding the appellant liable for duty evasion. The court mandated payment of interest as compensatory measure and imposed penalty equivalent to the duty amount under applicable excise rules. The appeal was ultimately dismissed, affirming the revenue's position and confirming the goods' correct classification as Jarda Scented Tobacco under Tariff Entry 2403 9930.
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