Scope of judicial review under Article 226: supervisory, not appellate; factual reappraisal barred, challenge dismissed; insolvency professional dutie...
Courier transshipment of imported goods via named carrier to air cargo stations renewed until 30.01.2026; exemption conditional, strict controls apply...
Insurer's investment gains and investment write-downs face Section 263 revision; enquiry upheld, Rule 5(b)(ii) lapse sustained, late corrigendum quash...
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The dominant issue was whether imported "penetrating oil-60" was correctly classifiable as a lubricating preparation under CTH 3403 9900 or as adulterated diesel/petroleum product under CTH 2710 1990 with consequential valuation enhancement. The Department's reliance on hydrocarbon content exceeding 70% and presence of lighter hydrocarbons to treat the goods as "adulterated diesel" was rejected, since penetrating oils commonly contain 80-90% petroleum distillates plus additives, and the test reports did not establish equivalence with diesel or IS 1460 conformity. The Tribunal held that CTH 3403 can cover preparations where petroleum oils are the basic constituent, and the contrary interpretation was erroneous; the Department failed to discharge the burden to reclassify. Appeals allowed. - CESTAT
The dominant issue was whether imported "penetrating oil-60" was correctly classifiable as a lubricating preparation under CTH 3403 9900 or as adulterated diesel/petroleum product under CTH 2710 1990 with consequential valuation enhancement. The Department's reliance on hydrocarbon content exceeding 70% and presence of lighter hydrocarbons to treat the goods as "adulterated diesel" was rejected, since penetrating oils commonly contain 80-90% petroleum distillates plus additives, and the test reports did not establish equivalence with diesel or IS 1460 conformity. The Tribunal held that CTH 3403 can cover preparations where petroleum oils are the basic constituent, and the contrary interpretation was erroneous; the Department failed to discharge the burden to reclassify. Appeals allowed. - CESTAT
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