Approvals under s.153D found mechanical and invalid; s.153A/s.153D assessments quashed; s.68 additions deleted where books rejected and s.144 best-jud...
CESTAT partially allowed the appeal by the Appellant. The Tribunal held that the warehousing period for the goods expired after 20.03.2020 and, in light of the national limitation extension during the COVID period, the prescribed warehousing period must be adjusted accordingly; consequently the Appellant's claim for remission of customs duty and interest in respect of the balance warehoused goods under s.23, Customs Act, 1962, is sustained and the denial in the impugned order set aside. The levy of duty under s.72(1)(d) is mitigated by remission for the specified goods. A general penalty under s.117 was confirmed but reduced in the interest of justice to Rs.25,000. Appeal allowed in part.
CESTAT partially allowed the appeal by the Appellant. The Tribunal held that the warehousing period for the goods expired after 20.03.2020 and, in light of the national limitation extension during the COVID period, the prescribed warehousing period must be adjusted accordingly; consequently the Appellant's claim for remission of customs duty and interest in respect of the balance warehoused goods under s.23, Customs Act, 1962, is sustained and the denial in the impugned order set aside. The levy of duty under s.72(1)(d) is mitigated by remission for the specified goods. A general penalty under s.117 was confirmed but reduced in the interest of justice to Rs.25,000. Appeal allowed in part.
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