Revenue authority mandates using scheme-specific reversal procedures, not revising original entries, for instrument-based trade/customs benefits effec...
Transaction value under s.15(1) governs unrelated sales; valuation between related parties per Rule 28; consignment note required for unregistered rec...
CESTAT dismissed the appeal as infructuous. The Tribunal held that the prohibition order imposed under Regulation 23, CBLR, 2013 can operate independently of pending inquiry, but the Commissioner had conditioned suspension on the outcome of the inquiry; that conditional suspension was rendered otiose after the inquiry was dropped pursuant to a High Court order. The appellant did not seek extension or renewal of its registration under Regulation 72, CBLR, 2017, which expired on 21.03.2024. In view of the expired registration and absence of any extant cause of action, the impugned prohibition requires no interference and the appeal is dismissed as devoid of any subsisting relief.
CESTAT dismissed the appeal as infructuous. The Tribunal held that the prohibition order imposed under Regulation 23, CBLR, 2013 can operate independently of pending inquiry, but the Commissioner had conditioned suspension on the outcome of the inquiry; that conditional suspension was rendered otiose after the inquiry was dropped pursuant to a High Court order. The appellant did not seek extension or renewal of its registration under Regulation 72, CBLR, 2017, which expired on 21.03.2024. In view of the expired registration and absence of any extant cause of action, the impugned prohibition requires no interference and the appeal is dismissed as devoid of any subsisting relief.
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