Service of notice and contractual debt acknowledgment preserved insolvency admission against a corporate guarantor despite limitation and natural just...
Original works exemption excludes standalone boulder transportation, leaving subcontracted railway-project transport services subject to service tax l...
Annual production capacity determinations excluding stenter galleries support refunds for unconstitutional excise levies without an unjust-enrichment ...
Vicarious liability for cheque dishonour requires specific allegations of responsibility and cheque signatory; generic director allegations cannot sus...
IT Resilience Index requires market infrastructure institutions to automate resilience scoring, early warnings, and continuous service-delivery monito...
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 
