Condonation of delay in filing GSTR-3B returns and entitlement to Section 62 benefit results in withdrawal of assessments and revocation of attachment...
Penalty for estimation of income and disallowances for tax non-deduction clarified: estimation-based penalties not sustainable; additions without conc...
Provisional release of imported perishable goods pending tariff classification was made conditional on stronger revenue safeguards because the classification dispute over roasted versus dried areca nuts remained for competent adjudication and the importer's financial position did not adequately secure possible dues. The Court noted that a prima facie expert report suggested no roasting, and that tariff valuation would depend on whether Section 14(2) applied. It modified the release conditions to require deposit of 50% of the determined amount and a bank guarantee for 25%, while also holding that customs authorities had unduly delayed adjudication without justification. It directed issuance of a show cause notice within two weeks and completion of adjudication within the fixed timeline.
Provisional release of imported perishable goods pending tariff classification was made conditional on stronger revenue safeguards because the classification dispute over roasted versus dried areca nuts remained for competent adjudication and the importer's financial position did not adequately secure possible dues. The Court noted that a prima facie expert report suggested no roasting, and that tariff valuation would depend on whether Section 14(2) applied. It modified the release conditions to require deposit of 50% of the determined amount and a bank guarantee for 25%, while also holding that customs authorities had unduly delayed adjudication without justification. It directed issuance of a show cause notice within two weeks and completion of adjudication within the fixed timeline.
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