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...
Demand for customs duty on imported marble used by EOUs was rejected because DTA clearances occurred under judicial stay subject to payment of excise equal to customs, so there was no short-levy or revenue loss; consequential interest and customs demand were set aside. Mandatory penalty for collusion was unsustainable where no duty was short-levied. Confiscation did not apply because clearances were sanctioned by the proper officer under the stay and goods were used in manufacture. Redemption fines cannot be imposed compulsorily except where provisional release on bond creates that obligation.
Demand for customs duty on imported marble used by EOUs was rejected because DTA clearances occurred under judicial stay subject to payment of excise equal to customs, so there was no short-levy or revenue loss; consequential interest and customs demand were set aside. Mandatory penalty for collusion was unsustainable where no duty was short-levied. Confiscation did not apply because clearances were sanctioned by the proper officer under the stay and goods were used in manufacture. Redemption fines cannot be imposed compulsorily except where provisional release on bond creates that obligation.
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