CKD/SKD air-conditioner components classifiable with finished units by essential character; prior advance ruling extended three years, FTA benefits po...
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...
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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