Export obligation removed by notification, customs duty demand invalidated; penalties under s.112 and s.114AA quashed due to inadmissible s.108 statem...
Customs officers must wear and use department-issued body-worn cameras when clearing passenger baggage, with daily secure transfer and 30-day retentio...
Page of 4828
Press 'Enter' after typing page number.
10041 to 10060 of 96556 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
CESTAT upheld recovery of drawback under Rules 16 and 16A of the Drawback Rules, 1995 read with s.75 of the Customs Act, 1962, holding that recovery (with interest) was sustainable where sale proceeds were not genuinely realised from the purported buyers and remittances could not be accepted as proceeds; the Tribunal found the DRI conducted independent enquiries and issued an SCN without undue delay and that no limitation is prescribed for such recovery. The Tribunal set aside the penalty imposed under s.114(i) and (iii). Consequentially the appeal is allowed in part: recovery with interest sustained; penalty under s.114 vacated.
CESTAT upheld recovery of drawback under Rules 16 and 16A of the Drawback Rules, 1995 read with s.75 of the Customs Act, 1962, holding that recovery (with interest) was sustainable where sale proceeds were not genuinely realised from the purported buyers and remittances could not be accepted as proceeds; the Tribunal found the DRI conducted independent enquiries and issued an SCN without undue delay and that no limitation is prescribed for such recovery. The Tribunal set aside the penalty imposed under s.114(i) and (iii). Consequentially the appeal is allowed in part: recovery with interest sustained; penalty under s.114 vacated.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
