Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applica...
Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
CESTAT set aside penalty imposed under Section 114 of Customs Act, 1962 for alleged overvaluation of exported CD ROMs intended to fraudulently claim DEPB scripts. The Tribunal held that penalty under Section 114 requires goods to be liable for confiscation under Section 113, but since goods were already exported, confiscation under Section 113(d) was impossible. Additionally, no material evidence established appellant's knowledge of inflated valuation. The Tribunal ruled that without sustainable confiscation proceedings, penalty under Section 114 cannot be sustained, thereby allowing the appeal and setting aside the Commissioner's penalty order dated 31.01.2006.
CESTAT set aside penalty imposed under Section 114 of Customs Act, 1962 for alleged overvaluation of exported CD ROMs intended to fraudulently claim DEPB scripts. The Tribunal held that penalty under Section 114 requires goods to be liable for confiscation under Section 113, but since goods were already exported, confiscation under Section 113(d) was impossible. Additionally, no material evidence established appellant's knowledge of inflated valuation. The Tribunal ruled that without sustainable confiscation proceedings, penalty under Section 114 cannot be sustained, thereby allowing the appeal and setting aside the Commissioner's penalty order dated 31.01.2006.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
