Handicraft job work receives concessional GST only for registered principals and predominantly handmade goods; commercial resin articles remain taxabl...
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Independent assessment discretion and corroborated electronic evidence determine validity of on-money additions and undisclosed-consideration assessme...
CESTAT held that the re-determination of imported Quick Recovery CDs' value was invalid due to procedural non-compliance. The transaction value was not properly rejected under applicable customs valuation rules. The demand of differential duty was unsustainable, as the extended period of limitation was incorrectly invoked without evidence of suppression of facts. Consequently, the confiscation of goods under section 111(m) was set aside, and all imposed penalties were nullified. The appellate tribunal allowed the appeal, effectively quashing the original order and restoring the importer's original declared transaction value.
CESTAT held that the re-determination of imported Quick Recovery CDs' value was invalid due to procedural non-compliance. The transaction value was not properly rejected under applicable customs valuation rules. The demand of differential duty was unsustainable, as the extended period of limitation was incorrectly invoked without evidence of suppression of facts. Consequently, the confiscation of goods under section 111(m) was set aside, and all imposed penalties were nullified. The appellate tribunal allowed the appeal, effectively quashing the original order and restoring the importer's original declared transaction value.
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