Reversal of input tax credit in proportion to exempt supply: specificity of show-cause notice required; order set aside, fresh proceedings allowed wit...
Benami transaction and beneficial ownership: documentary and circumstantial evidence show payors were true beneficiaries, resulting in PBPTA consequen...
Exemption under Chapter 3301 applies irrespective of sub heading where importer claims CTH 33019079, produces certificate of origin and invoice, and goods were examined and granted Out of Charge; on that basis confirmed Basic Customs Duty and Social Welfare Surcharge demands were set aside. A genuine bonafide error in IGST payment at a lower rate was recognised, the appellant offered to pay the differential and sought to file a supplementary bill of entry to secure input tax credit; applying the revenue neutrality principle for differential duty credited as input tax, the confirmed differential IGST demand was also set aside.
Exemption under Chapter 3301 applies irrespective of sub heading where importer claims CTH 33019079, produces certificate of origin and invoice, and goods were examined and granted Out of Charge; on that basis confirmed Basic Customs Duty and Social Welfare Surcharge demands were set aside. A genuine bonafide error in IGST payment at a lower rate was recognised, the appellant offered to pay the differential and sought to file a supplementary bill of entry to secure input tax credit; applying the revenue neutrality principle for differential duty credited as input tax, the confirmed differential IGST demand was also set aside.
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