Condonation of Delay: directoral disputes and pending company proceedings can constitute reasonable cause, allowing a belated return to be treated as ...
Revisionary jurisdiction under section 263 upheld; faceless assessments subject to revision when AO fails requisite enquiries, remitted for fresh asse...
All four imported products were classified as relays under CTI 8536 49 00 because their principal function was to control, protect and supervise electrical systems, and the added digital or monitoring features were only ancillary under the principal function test and trade parlance. Exemption under Notification No. 12/2012 was available to the three products with a contact rating of 5 amperes, as no contrary evidence showed them to exceed the 7-ampere limit; MICOM was excluded because its contact rating above 7 amperes was not disputed. Penalties under sections 114A, 114AA, 112 and 114AA were set aside since the demand failed for the three products and the duty and interest relating to MICOM had been paid before the show cause notice.
All four imported products were classified as relays under CTI 8536 49 00 because their principal function was to control, protect and supervise electrical systems, and the added digital or monitoring features were only ancillary under the principal function test and trade parlance. Exemption under Notification No. 12/2012 was available to the three products with a contact rating of 5 amperes, as no contrary evidence showed them to exceed the 7-ampere limit; MICOM was excluded because its contact rating above 7 amperes was not disputed. Penalties under sections 114A, 114AA, 112 and 114AA were set aside since the demand failed for the three products and the duty and interest relating to MICOM had been paid before the show cause notice.
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