Handicraft job work receives concessional GST only for registered principals and predominantly handmade goods; commercial resin articles remain taxabl...
Reassessment disclosure requirements permit stated reasons without revealing information sources, but prior-taxation claims require full examination b...
Independent assessment discretion and corroborated electronic evidence determine validity of on-money additions and undisclosed-consideration assessme...
CESTAT allowed the appeal and directed release of the consignment subject to payment of customs duties. The Tribunal found the PSIC issued by a DGFT-approved PSIA, despite indicating inspection at Duisburg rather than the Bill of Lading's port of loading, sufficiently established that the imported low-nickel turning scrap complied with Para 2.51 of HBP, 2023 (no hazardous, radioactive or explosive content). Consequently, the goods were not liable to confiscation, the redemption fine was set aside, and the penalty imposed under s.112(a)(i) of the Customs Act, 1962 (₹15,00,000) was quashed. The Tribunal held procedural deficiency in the PSIC did not amount to importation of prohibited goods.
CESTAT allowed the appeal and directed release of the consignment subject to payment of customs duties. The Tribunal found the PSIC issued by a DGFT-approved PSIA, despite indicating inspection at Duisburg rather than the Bill of Lading's port of loading, sufficiently established that the imported low-nickel turning scrap complied with Para 2.51 of HBP, 2023 (no hazardous, radioactive or explosive content). Consequently, the goods were not liable to confiscation, the redemption fine was set aside, and the penalty imposed under s.112(a)(i) of the Customs Act, 1962 (₹15,00,000) was quashed. The Tribunal held procedural deficiency in the PSIC did not amount to importation of prohibited goods.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
