Deferred Payment of Customs Duty extended to Eligible Manufacturer Importers with electronic registration and ICEGATE authentication for conditional c...
Tariff classification determines GST schedule and rate; beverages in Schedule III attract the higher rate, tea extracts and syrups in Schedule I attra...
Fraudulent trading requires cogent evidence of intent to defraud; ordinary-course payments protected, except post-insolvency withdrawals must be resto...
Preferential duty benefit under a free trade agreement could not be denied on a mechanical application of Public Notice No. 33/2024 where subsequent CBIC Instruction No. 23/2024-Customs and later public notices had superseded the earlier position. The Court held that the assessment order, which rested entirely on non-compliance with the impugned public notice, had lost its foundation once the later statutory and departmental directions came into force. It reiterated that trade-related instructions must conform to the statutory scheme and cannot dilute free trade agreement benefits or override law and CBIC circulars. The assessment was quashed and remanded for fresh consideration, with the importer's entitlement left open.
Preferential duty benefit under a free trade agreement could not be denied on a mechanical application of Public Notice No. 33/2024 where subsequent CBIC Instruction No. 23/2024-Customs and later public notices had superseded the earlier position. The Court held that the assessment order, which rested entirely on non-compliance with the impugned public notice, had lost its foundation once the later statutory and departmental directions came into force. It reiterated that trade-related instructions must conform to the statutory scheme and cannot dilute free trade agreement benefits or override law and CBIC circulars. The assessment was quashed and remanded for fresh consideration, with the importer's entitlement left open.
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