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...
HC upheld that a statutory delay of 652 days in filing an appeal should be condoned and the appellate proceeding before CESTAT restored for adjudication on merits, subject to payment of costs. Although the impugned CESTAT order rejecting condonation was not devoid of legal basis, the Court found prima facie merit in the appellant's contention given a voluntary declaration by the public entity and relevant judicial authorities endorse consideration of merits where sufficient cause is shown. Consequently, the delay is condoned, the appeal is reinstated to its original number for merits determination, and the appellant must meet costs as a precondition to further adjudication.
HC upheld that a statutory delay of 652 days in filing an appeal should be condoned and the appellate proceeding before CESTAT restored for adjudication on merits, subject to payment of costs. Although the impugned CESTAT order rejecting condonation was not devoid of legal basis, the Court found prima facie merit in the appellant's contention given a voluntary declaration by the public entity and relevant judicial authorities endorse consideration of merits where sufficient cause is shown. Consequently, the delay is condoned, the appeal is reinstated to its original number for merits determination, and the appellant must meet costs as a precondition to further adjudication.
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