Managerial remuneration disallowance under s.40A(2)(b) challenged over alleged tax-avoidance; appellate decision restored deletion of addition for dir...
Classification of imported goods as electronic cigarette versus tobacco product reversed for lack of proof; order set aside for jurisdictional overrea...
Reversal of input tax credit in proportion to exempt supply: specificity of show-cause notice required; order set aside, fresh proceedings allowed wit...
CESTAT upheld reclassification of the imported goods as 100% polyester knitted cut fabric under CTI 6001 92 00 ("others - of man-made fibres"), rejecting classification as long pile fabric under CTI 6001 10 90. The consequential duty demand based on such reclassification was sustained. In view of substantial mis-declaration of quantity and nature of goods, and presence of undeclared items, confiscation under sections 111(l) and 111(m) of the Customs Act was affirmed. Penalties on the importer-firm and its main partner under sections 112, 114A and 114AA were also upheld. The impugned order was confirmed in entirety and both appeals were dismissed.
CESTAT upheld reclassification of the imported goods as 100% polyester knitted cut fabric under CTI 6001 92 00 ("others - of man-made fibres"), rejecting classification as long pile fabric under CTI 6001 10 90. The consequential duty demand based on such reclassification was sustained. In view of substantial mis-declaration of quantity and nature of goods, and presence of undeclared items, confiscation under sections 111(l) and 111(m) of the Customs Act was affirmed. Penalties on the importer-firm and its main partner under sections 112, 114A and 114AA were also upheld. The impugned order was confirmed in entirety and both appeals were dismissed.
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