Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
CESTAT allowed the appeal and set aside the Commissioner of Customs (Appeals) order regarding absolute confiscation of imported Light Melting Steel Scrap. The appellant failed to furnish Pre-Shipment Inspection Certificate (PSIC) as mandated under para 2.51 of Handbook of Procedure under Foreign Trade Policy, 2023, in compliance with Board Circular No. 48/2016 and DGFT Trade Notice No. 19/2017. CESTAT held that examination of imported goods with adequate precaution was necessary for safety purposes, as possibilities of explosion endangering customs officials could not be ruled out. The tribunal emphasized that proper examination would ensure safety and enable the proper officer to determine whether goods were fit for home consumption or required re-export, thereby overturning the absolute confiscation order.
CESTAT allowed the appeal and set aside the Commissioner of Customs (Appeals) order regarding absolute confiscation of imported Light Melting Steel Scrap. The appellant failed to furnish Pre-Shipment Inspection Certificate (PSIC) as mandated under para 2.51 of Handbook of Procedure under Foreign Trade Policy, 2023, in compliance with Board Circular No. 48/2016 and DGFT Trade Notice No. 19/2017. CESTAT held that examination of imported goods with adequate precaution was necessary for safety purposes, as possibilities of explosion endangering customs officials could not be ruled out. The tribunal emphasized that proper examination would ensure safety and enable the proper officer to determine whether goods were fit for home consumption or required re-export, thereby overturning the absolute confiscation order.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
