Bona fide disclosure requirements govern under-reporting penalties, and post-penalty immunity applications cannot secure available statutory protectio...
Certificate-of-origin verification procedure governs preferential customs benefits; denial without retroactive verification was set aside with consequ...
Disciplinary Committee jurisdiction and mandatory investigation requirements invalidated cancellation of an insolvency professional's registration and...
Retention of seized property survives where recorded reasons support proceeds of crime, while stayed investigation periods are excluded from limitatio...
Specified income of Baddi Barotiwala Nalagarh Development Authority receives conditional tax exemption, retrospectively covering its designated assess...
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CESTAT ruled on the Target Plus Scheme (TPS) eligibility for duty exemption on imported plastic granules used in packaging exported rice and spices. The Tribunal held that while the plastic granules were not directly in the same product group as rice and spices, they had a broad functional nexus in packaging. The Customs Department lacks independent authority to deny TPS benefits, which exclusively rests with DGFT. The Original Authority found no violations of TPS conditions, and the Revenue failed to provide substantive evidence challenging the assessee's eligibility. The appeal was consequently dismissed, affirming the Commissioner's decision to drop further proceedings and uphold the TPS license's validity.
CESTAT ruled on the Target Plus Scheme (TPS) eligibility for duty exemption on imported plastic granules used in packaging exported rice and spices. The Tribunal held that while the plastic granules were not directly in the same product group as rice and spices, they had a broad functional nexus in packaging. The Customs Department lacks independent authority to deny TPS benefits, which exclusively rests with DGFT. The Original Authority found no violations of TPS conditions, and the Revenue failed to provide substantive evidence challenging the assessee's eligibility. The appeal was consequently dismissed, affirming the Commissioner's decision to drop further proceedings and uphold the TPS license's validity.
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