Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
SC dismissed the civil appeal. The Court declined to disturb CESTAT's factual conclusion that the articles of silver are classifiable under CETH 7113 rather than 7114, noting absence of evidence to support classification under 7114. SC further held there was no palpable error in CESTAT's application of the limitation bar and refused to entertain the appeal on that ground, leaving the legal question of classification open. Incidental contentions concerning applicability of the exemption notification, demand of excise duty on exports, hedging as trading, and claims of ineligible credit for motor vehicle renting and repairs were not accepted so as to warrant interference. The civil appeal is dismissed.
SC dismissed the civil appeal. The Court declined to disturb CESTAT's factual conclusion that the articles of silver are classifiable under CETH 7113 rather than 7114, noting absence of evidence to support classification under 7114. SC further held there was no palpable error in CESTAT's application of the limitation bar and refused to entertain the appeal on that ground, leaving the legal question of classification open. Incidental contentions concerning applicability of the exemption notification, demand of excise duty on exports, hedging as trading, and claims of ineligible credit for motor vehicle renting and repairs were not accepted so as to warrant interference. The civil appeal is dismissed.
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