Unlawful outward remittances via Hawala using proforma invoices and electronic records proved; documents admitted, directors penalised, penalties redu...
Attachment of equivalent-value properties as proceeds of crime upheld; preventive attachment order and confirmation sustained; no independent ED reinv...
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The CESTAT held that imported multimedia speakers with ancillary functions (USB/SD/MMC playback and/or FM radio) are correctly classifiable under CTH 8518. It found the classification issue no longer res integra, following consistent Tribunal and HC precedent. Consequently, the Revenue's attempt to reclassify the goods under CTH 8527 9100 was rejected. As CTH 8518 does not attract MRP-based valuation, the basis for alleging non-declaration or suppression/reduction of MRP/RSP failed. The reclassification, demand of differential duty, and connected proceedings were set aside, and the appeal was allowed.
The CESTAT held that imported multimedia speakers with ancillary functions (USB/SD/MMC playback and/or FM radio) are correctly classifiable under CTH 8518. It found the classification issue no longer res integra, following consistent Tribunal and HC precedent. Consequently, the Revenue's attempt to reclassify the goods under CTH 8527 9100 was rejected. As CTH 8518 does not attract MRP-based valuation, the basis for alleging non-declaration or suppression/reduction of MRP/RSP failed. The reclassification, demand of differential duty, and connected proceedings were set aside, and the appeal was allowed.
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