Anonymous donation classification fails where charitable trusts maintain undisputed donor identity records and evidence corpus contributions' intended...
Transfer pricing method selection favours TNMM where medical-equipment distribution involves substantial post-import value addition and operational ri...
Post-export shipping bill conversion remains available where contemporaneous evidence supports EPCG benefits despite curable procedural omissions and ...
The Tribunal held that the extended period of limitation was not available for a customs demand raised about four years after clearance, because the record showed a consistent earlier and later classification of the same goods without objection and supported a bona fide belief by the importer. It further held that non-imposition of penalty under Section 114AA did not, by itself, mean there was no suppression. Finding no misdeclaration or suppression on the facts, the Tribunal set aside the impugned order as time-barred and allowed the appeal solely on limitation, leaving the classification dispute undecided.
The Tribunal held that the extended period of limitation was not available for a customs demand raised about four years after clearance, because the record showed a consistent earlier and later classification of the same goods without objection and supported a bona fide belief by the importer. It further held that non-imposition of penalty under Section 114AA did not, by itself, mean there was no suppression. Finding no misdeclaration or suppression on the facts, the Tribunal set aside the impugned order as time-barred and allowed the appeal solely on limitation, leaving the classification dispute undecided.
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