Transaction value rejection requires reliable corroboration; refundable VAT is excluded and temporary registration does not defeat new-vehicle exempti...
Appellate jurisdiction remains available where a wrist-worn gold ornament cannot conclusively be characterised as imported baggage at the preliminary ...
Written complaint requirement bars cognizance on police reports for securities offences, while unsupported breach of trust and cheating allegations fa...
Page of 4801
Press 'Enter' after typing page number.
341 to 360 of 96001 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
CESTAT allowed the appeal, holding that silicon steel scraps were correctly classifiable under CTH 7204 49 00 as waste and scrap. The tribunal rejected the revenue's alternative classification under CTH 7225 19 00, finding no basis for value redetermination from $400 to $650 per MT. The court determined that no misdeclaration occurred, BIS certification was inapplicable, and Para 2.17 of Foreign Trade Policy did not apply. Consequently, the goods were not liable for confiscation, and no penalties could be imposed. The impugned orders were set aside, vindicating the importer's original classification and transaction value.
CESTAT allowed the appeal, holding that silicon steel scraps were correctly classifiable under CTH 7204 49 00 as waste and scrap. The tribunal rejected the revenue's alternative classification under CTH 7225 19 00, finding no basis for value redetermination from $400 to $650 per MT. The court determined that no misdeclaration occurred, BIS certification was inapplicable, and Para 2.17 of Foreign Trade Policy did not apply. Consequently, the goods were not liable for confiscation, and no penalties could be imposed. The impugned orders were set aside, vindicating the importer's original classification and transaction value.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4801
Join Channel
TaxTMI 
