Provisional attachment under Prevention of Money Laundering Act requires exhaustion of statutory remedies; impugned order set aside, appeal to tribuna...
Restoration of property under Prevention of Money Laundering Act after attachment dispute rendered academic; possession directed to successful resolut...
Goods Transport Agency services via e commerce portals: consignment note creates custody and liability and enables exemption for unregistered recipien...
Reverse charge and assignment of royalty collection: exemption for excess royalty collectors subject to reconciliation; leaseholders remain liable und...
Imported petroleum product once cleared as condensate on chemical testing and supporting certificates could not be reclassified as light oil unless the department discharged the burden of proving that the exact Chapter Note test was met. The Tribunal held that the departmental material did not satisfy the requirement of 90% or more distillation at 210 C, and no basis was shown to reject the original load port report; the proposed reclassification therefore failed. It further held that revenue neutrality, because the importer was also entitled to credit of any higher duty, indicated absence of intent to evade, and the demand, confiscation and penalties were not sustainable.
Imported petroleum product once cleared as condensate on chemical testing and supporting certificates could not be reclassified as light oil unless the department discharged the burden of proving that the exact Chapter Note test was met. The Tribunal held that the departmental material did not satisfy the requirement of 90% or more distillation at 210 C, and no basis was shown to reject the original load port report; the proposed reclassification therefore failed. It further held that revenue neutrality, because the importer was also entitled to credit of any higher duty, indicated absence of intent to evade, and the demand, confiscation and penalties were not sustainable.
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