The accused denied bail over alleged GST credential misuse to commit Rs.1,09,11,404 fraud involving multiple proprietorships; investigation to continu...
Page of 4826
Press 'Enter' after typing page number.
9701 to 9720 of 96510 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
CESTAT allowed the appeal in part, holding that the appellants remained liable for and their deposited amounts were properly appropriated towards customs duty on imported gold under the nominated-agency exemption scheme, resulting in cancellation of the bonds and discharge of duty liability. However, the Tribunal set aside imposition of penalty under s.112(a) of the Act and the orders of confiscation and redemption fine, finding no collusion or responsibility of the appellants for fraudulent diversion by the exporter. Consequently, extended limitation was not invoked against the appellants and no further action survives against them in respect of the appropriated duty.
CESTAT allowed the appeal in part, holding that the appellants remained liable for and their deposited amounts were properly appropriated towards customs duty on imported gold under the nominated-agency exemption scheme, resulting in cancellation of the bonds and discharge of duty liability. However, the Tribunal set aside imposition of penalty under s.112(a) of the Act and the orders of confiscation and redemption fine, finding no collusion or responsibility of the appellants for fraudulent diversion by the exporter. Consequently, extended limitation was not invoked against the appellants and no further action survives against them in respect of the appropriated duty.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4826 
Join Channel 
