Assessment time-barred u/s 153 due to missing competent-authority reference for Singapore exchange of information; assessment disallowed as barred by ...
Imported menthol-scented sweet supari classification dispute: seizure quashed, release for home consumption subject to duty bond; bank guarantee refus...
Failure to discharge obligations under Regulation 17(9) raised two legal issues: whether the penalty imposed was excessive and whether security deposit could be forfeited. The Tribunal held that Regulations 8(1) and 20 fix the statutory penalty ceiling at Rs.50,000, so imposing the maximum permitted cannot be treated as disproportionate; and the CBLR does not authorize forfeiture of the security deposit. Applying those statutory prescriptions, the impugned order imposing the maximum permissible penalty and not forfeiting the deposit was found valid, and the revenue's appeal was dismissed. - CESTAT
Failure to discharge obligations under Regulation 17(9) raised two legal issues: whether the penalty imposed was excessive and whether security deposit could be forfeited. The Tribunal held that Regulations 8(1) and 20 fix the statutory penalty ceiling at Rs.50,000, so imposing the maximum permitted cannot be treated as disproportionate; and the CBLR does not authorize forfeiture of the security deposit. Applying those statutory prescriptions, the impugned order imposing the maximum permissible penalty and not forfeiting the deposit was found valid, and the revenue's appeal was dismissed. - CESTAT
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