Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
CESTAT adjudicated a complex customs valuation dispute involving imported machinery under EPCG scheme. The tribunal found manipulation of documents, suppression of correct payment details, and willful misstatement by the importer. The key findings include: (1) extended period under Section 28(4) was justified due to deliberate concealment, (2) EPCG license benefits could be challenged despite non-cancellation by DGFT, and (3) the importer failed to discharge burden of proof regarding declared value. The tribunal ordered duty recalculation, allowed partial notification benefits, set aside goods confiscation, and maintained penalties against the company and its employee, emphasizing the need to deter statutory violations.
CESTAT adjudicated a complex customs valuation dispute involving imported machinery under EPCG scheme. The tribunal found manipulation of documents, suppression of correct payment details, and willful misstatement by the importer. The key findings include: (1) extended period under Section 28(4) was justified due to deliberate concealment, (2) EPCG license benefits could be challenged despite non-cancellation by DGFT, and (3) the importer failed to discharge burden of proof regarding declared value. The tribunal ordered duty recalculation, allowed partial notification benefits, set aside goods confiscation, and maintained penalties against the company and its employee, emphasizing the need to deter statutory violations.
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