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...
CESTAT adjudicated a dispute regarding IGST interest calculation on imported goods. The tribunal distinguished between Additional Duty of Customs and IGST, clarifying their distinct constitutional and statutory foundations. The key legal finding was that interest for delayed IGST payment should be calculated under Section 50 of CGST Act, not Section 28AB of Customs Act. The tribunal held that IGST on imported goods must be treated identically to inter-state supply IGST. Consequently, the matter was remanded to the Commissioner for recalculating interest at the applicable CGST Act rates, effectively allowing the appellant's appeal and directing a fresh interest computation consistent with statutory provisions.
CESTAT adjudicated a dispute regarding IGST interest calculation on imported goods. The tribunal distinguished between Additional Duty of Customs and IGST, clarifying their distinct constitutional and statutory foundations. The key legal finding was that interest for delayed IGST payment should be calculated under Section 50 of CGST Act, not Section 28AB of Customs Act. The tribunal held that IGST on imported goods must be treated identically to inter-state supply IGST. Consequently, the matter was remanded to the Commissioner for recalculating interest at the applicable CGST Act rates, effectively allowing the appellant's appeal and directing a fresh interest computation consistent with statutory provisions.
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