Bona fide disclosure requirements govern under-reporting penalties, and post-penalty immunity applications cannot secure available statutory protectio...
Certificate-of-origin verification procedure governs preferential customs benefits; denial without retroactive verification was set aside with consequ...
Disciplinary Committee jurisdiction and mandatory investigation requirements invalidated cancellation of an insolvency professional's registration and...
Retention of seized property survives where recorded reasons support proceeds of crime, while stayed investigation periods are excluded from limitatio...
Specified income of Baddi Barotiwala Nalagarh Development Authority receives conditional tax exemption, retrospectively covering its designated assess...
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The SC upheld the CESTAT's determination affirming the appellant's entitlement to the exemption under Notification No. 50/2017-Customs for parts/components imported for the manufacture of Lithium Ion Batteries. Despite the appellant producing power banks from these batteries, the Court found that the raw materials were rightly used in the manufacture of Lithium Ion Batteries which were subsequently utilized in power bank production. The claim for exemption was therefore valid. The appellant's contention regarding the extended period of limitation was not accepted. The SC found no merit to disturb the impugned order and dismissed the appeals accordingly.
The SC upheld the CESTAT's determination affirming the appellant's entitlement to the exemption under Notification No. 50/2017-Customs for parts/components imported for the manufacture of Lithium Ion Batteries. Despite the appellant producing power banks from these batteries, the Court found that the raw materials were rightly used in the manufacture of Lithium Ion Batteries which were subsequently utilized in power bank production. The claim for exemption was therefore valid. The appellant's contention regarding the extended period of limitation was not accepted. The SC found no merit to disturb the impugned order and dismissed the appeals accordingly.
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