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...
The HC admitted the appeal and directed that, as a condition precedent to re-export, the redemption fine of Rs.1.10 Crores deposited with the Prothonotary and Senior Master shall remain invested in a fixed deposit in a nationalised bank until further order in the Customs Appeal; it is recorded that the impugned goods (old/used electronic components) have been re-exported and the fine has been deposited. The Court observed lack of authority to act against goods situated within the SEZ without regard to the SEZ notification, and expedited hearing of the appeal. The digitally signed order may be acted upon upon production by fax or email.
The HC admitted the appeal and directed that, as a condition precedent to re-export, the redemption fine of Rs.1.10 Crores deposited with the Prothonotary and Senior Master shall remain invested in a fixed deposit in a nationalised bank until further order in the Customs Appeal; it is recorded that the impugned goods (old/used electronic components) have been re-exported and the fine has been deposited. The Court observed lack of authority to act against goods situated within the SEZ without regard to the SEZ notification, and expedited hearing of the appeal. The digitally signed order may be acted upon upon production by fax or email.
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