Opportunity to furnish unsecured-loan confirmations is required before reassessment initiation; proceedings require fresh consideration after taxpayer...
Under-reporting on a first reassessment return attracts penalty, while enhanced misreporting penalty requires proof of a statutory misreporting catego...
CESTAT allowed amendment of import manifest under section 30(3) of Customs Act, 1962. The tribunal found no fraudulent intent in substituting importers and noted the original authority's failure to apply proper mind. Key considerations included the original consignee's lack of progress in clearing goods and another importer's willingness to discharge duties promptly. The decision emphasized that procedural instructions should not obstruct legal goods clearance. The tribunal condoned delay in appeal filing, recognizing the complex circumstances surrounding goods retention. Ultimately, the appeal was disposed of, affirming the lower authority's order permitting manifest amendment without legal impediment.
CESTAT allowed amendment of import manifest under section 30(3) of Customs Act, 1962. The tribunal found no fraudulent intent in substituting importers and noted the original authority's failure to apply proper mind. Key considerations included the original consignee's lack of progress in clearing goods and another importer's willingness to discharge duties promptly. The decision emphasized that procedural instructions should not obstruct legal goods clearance. The tribunal condoned delay in appeal filing, recognizing the complex circumstances surrounding goods retention. Ultimately, the appeal was disposed of, affirming the lower authority's order permitting manifest amendment without legal impediment.
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