Imported menthol-scented sweet supari classification dispute: seizure quashed, release for home consumption subject to duty bond; bank guarantee refus...
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...
Proceedings under FEMA were not barred by Section 127J of the Customs Act because FEMA is a self-contained code and action could rest on independent evidence, but the Commissioner's reliance on hearsay statements was unsustainable. The Tribunal found that the overseas commission was paid by the foreign buyer to an overseas agent, not by the exporter, and there was no material that the exporter was liable to pay it or had claimed it in export documents. On that factual basis, the amount was neither part of the export value nor foreign exchange due or accrued to the exporter, so no contravention of FEMA, the RBI circular, or the export regulations was made out. Penalties were set aside.
Proceedings under FEMA were not barred by Section 127J of the Customs Act because FEMA is a self-contained code and action could rest on independent evidence, but the Commissioner's reliance on hearsay statements was unsustainable. The Tribunal found that the overseas commission was paid by the foreign buyer to an overseas agent, not by the exporter, and there was no material that the exporter was liable to pay it or had claimed it in export documents. On that factual basis, the amount was neither part of the export value nor foreign exchange due or accrued to the exporter, so no contravention of FEMA, the RBI circular, or the export regulations was made out. Penalties were set aside.
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