Loading...

⚠ ✕
❮ Top
☎ Help
☰
×

By creating an account you can:

Logo TaxTMI
Call Us / Help / Feedback✕

Contact Us At :

✉ E-mail: [email protected]

✆ Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters 0/2000
Make Most of Text Search ✕
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
  6. Text Search
  7. The system will try to fetch results that contains ALL your words.
  8. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  9. Text Search
╳
Add to...
You have not created any category. Kindly create one to bookmark this item!
✕
Create New Category
Hide
Title :
Description :
❮❮ Hide
❮ Default View
Expand ❯❯
Close ✕
🔎 Filters / Advanced Search ❯
TEXT

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In
Main Text + AI Text ❯
  • Main Text
  • Main Text + AI Text
  • AI Text
Category: ?
Categorized by AI
---- All Categories ---- ❯
  • ---- All Categories ----
  • Income Tax
  • GST
  • Customs, DGFT & SEZ
  • FEMA & RBI
  • Corp. Laws, SEBI & IBC
  • PMLA, Black Money & ED
  • Budget
  • News and Press Release
  • PTI News
Month:
---- All Months ---- ❯
  • ---- All Months ----
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
Year:
---- All Years ---- ❯
  • ---- All Years ----
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
Relevance Default Date
☰   Show Results ❯
    15th Meeting of ASEAN-India Trade in Goods Agreement (AITIGA) Joint Committee held during 6-9 October 2026
    Commerce Secretary Shri Rajesh Agrawal Highlights Need for Rigorous Legal Thinking at CTIL’s 9th Anniversary Celebration
    Release of Draft Guideline for Compilation Gross State Domestic Product (GSDP) Estimates by Expenditure Approach with Base Year 2022-23
    NLMC Invites Bids for Monetisation of 5.119-Acre Prime Freehold Land Parcel of HIL (India) Limited in New Delhi
    Union Finance Minister Smt. Nirmala Sitharaman on visit to Singapore for high-level meetings with Singapore Leadership and CEOs of business firms in S...
    Recommendations of the 57th Meeting of the GST Council
    India Began Building Bridges When the World Was Building Walls: Union Minister of Commerce and Industry Shri Piyush Goyal
    CCI approves acquisition of sole control over Omega-Meyer Ltd and Meyer Organics by BCPE Wellbeing Holdco Two Ltd. and Integral Investments Asia IV Lt...
    CCI approves proposed acquisition of 100% shareholding of Vishavari Tollway Ltd and nine SPVs operating road assets in India by Concessoc 41 SAS
    CCI approves acquisition of certain shareholding in Prestige Hospitality Ventures Limited by CPP Investment Board Pvt. Holdings (4) Inc.
    CCI approves proposed combination related to internal restructuring of the JSW Group
    NLMC Organises Mock E-Auction Training Ahead of RINL Land E-Auction
    Central Bureau of Narcotics (CBN) conducts Jan Samvad at Malana in Kullu District to create preventive drug awareness and to promote development
    Adopted Joint Statement after the India-UK Financial Markets Dialogue 2026, held in London
    Commerce Secretary Shri Rajesh Agrawal Calls for Greater Utilisation of India-EFTA TEPA Opportunities
    Commerce and Industry Minister Shri Piyush Goyal Holds Meetings with Leading U.S. Companies in New York to Strengthen India–U.S. Trade and Investmen...
    Monetary Policy Statement, 2026-27 Resolution of the Monetary Policy Committee October 5 to 7, 2026
    An Approach Paper on Expanding the scope and coverage for the Index of Services Production
    DRI cracks down on cross-border gold smuggling along Indo-Bangladesh border; seizes over 8.3 kg foreign-origin gold; 4 arrested
    Secretary, DFS, Shri Sanjay Lohiya chairs review meeting on progress of Financial Inclusion Schemes with senior executives of Public Sector and Privat...
❮
❯
❯❯
Maximize Maximize Maximize
0 / 200
Expand Note
Add to Folder

No Folders have been created

+

Are you sure you want to delete "My most important" ?

NOTE:

News
Showing Results for :
Reset Filters
Results Found:
Show All Summaries Hide All Summaries
October 9, 2026
Show AI Summary
AITIGA review negotiations face time-bound subcommittee deliverables to resolve policy issues and modernise trade arrangements.
The AITIGA Joint Committee directed its sub-committees to accelerate pending review chapters through firm, time-bound deliverables and close coordination. Work covers legal and institutional issues, national treatment and market access, and rules of origin. ASEAN and India reaffirmed their commitment to resolve outstanding policy issues, deepen economic integration, and modernise the Agreement into a balanced and mutually beneficial framework strengthening bilateral trade.
October 9, 2026
Show AI Summary
International investment law requires balance between investment protection and States' regulatory authority amid sustainability and digital trade challenges.
International trade and investment law are increasingly shaped by sustainability-linked trade measures and digital trade and require rigorous legal analysis. CTIL supports trade capacity through legal analysis for free trade agreement negotiations, WTO processes, dispute settlement and institutional knowledge-building. International investment law increasingly recognises States' regulatory authority alongside investment protection, with institutionalisation, legitimacy and the balance between investment and public power identified as central concerns. Research and capacity-building also address climate, sustainability, supply chains, artificial intelligence and other emerging trade-policy areas.
October 9, 2026
Show AI Summary
Expenditure-side GSDP compilation framework standardises regional estimates through common methods, local data sources, and allocation indicators.
Draft guidelines establish a uniform framework for compiling expenditure-side Gross State Domestic Product estimates using base year 2022-23. They cover data sources, estimation procedures and methodologies for private and government consumption, gross fixed capital formation, inventory changes, valuables and net exports. State-specific data and allocation indicators are preferred, while recommended allocation methods support consistent estimates where direct subnational data are unavailable. The approach is intended to harmonise estimation practices and strengthen subnational national accounts capacity.
October 9, 2026
Show AI Summary
Freehold land monetisation proceeds through a two-stage electronic sale requiring technical bids and an Earnest Money Deposit.
Monetisation of a 5.119-acre freehold industrial land parcel owned by HIL (India) Limited at Najafgarh Industrial Area, New Delhi, is facilitated through an E-Tender followed by E-Auction. Eligible bidders must complete registration, submit technical bids, and furnish the required Earnest Money Deposit or Bank Guarantee by the stipulated deadline. Sale is subject to "as is where is", "as is what is", "whatever there is" and no-recourse or no-complaint conditions. The exact land extent is to be determined through a joint survey with the successful bidder.
October 9, 2026
Show AI Summary
India-Singapore investment cooperation advances through investor engagement, financial connectivity, capital-market participation, and support for identified investment opportunities.
India-Singapore investment cooperation is to be strengthened through engagements with political leadership, business representatives and global institutional investors. Discussions cover trade and investment, digital financial connectivity, capital markets, taxation, advanced manufacturing, skilling and aviation. The National Investment and Infrastructure Fund and GIFT City are identified as channels for Singaporean capital participation through investment vehicles and funds. The Ministry of Finance will facilitate connections between investors, Indian companies, financial institutions and State Governments for identified investment opportunities.
October 8, 2026
Show AI Summary
GST process reforms propose automated registration, refunds and return corrections while easing enforcement, credit access and trade compliance.
GST process reforms propose automated registration, registration amendments and cancellation, return reconciliation, input tax credit correction, and phased system-based refund processing. Standardised demand notices and adjudication safeguards are proposed alongside lower penalties, capped penalty-only appeal pre-deposits, withdrawal of arrest powers and narrowed prosecution provisions. Input tax credit reforms would expand refunds and remove specified blocked-credit restrictions, while export measures would broaden zero-rated and export-of-services eligibility. Goods interception would be intelligence-based and authorised, with further compliance relief for small taxpayers and targeted classification, exemption and reverse-charge measures.
October 8, 2026
Show AI Summary
Free trade agreement utilisation enables MSME market access, rules-of-origin awareness, export participation, and foreign investment opportunities while protecting sensitive sectors.
Free Trade Agreements are positioned to preserve sensitive domestic interests, particularly agriculture, fisheries and MSMEs, while widening market access for agricultural, marine, engineering, precision and electronic products and facilitating foreign investment. Proposed FTA utilisation desks across State Councils would assist MSMEs in using preferential arrangements, understanding rules of origin and market-access opportunities, participating in delegations and exhibitions, and presenting products and technologies to overseas markets.
October 8, 2026
Show AI Summary
Sole-control acquisition of nutraceutical and pharmaceutical businesses receives competition approval for Bain Capital-managed investment funds.
Competition Commission of India approval permits BCPE Wellbeing Holdco Two Limited and Integral Investments Asia IV Limited, funds managed or advised by Bain Capital, to acquire sole control over Omega-Meyer Limited and Meyer Organics Private Limited. The target businesses provide nutraceuticals globally and in India, while Meyer Organics Private Limited also produces and supplies certain over-the-counter and prescription finished-dose pharmaceuticals in India.
October 8, 2026
Show AI Summary
Highway asset acquisition approval covers full ownership transfer of a tollway operator and road-project special purpose vehicles.
Competition Commission of India approval covers the acquisition by Concessoc 41 SAS of the entire shareholding in Vishavari Tollway Private Limited and nine special purpose vehicles. The target entities operate designated national-highway stretches in Andhra Pradesh, Odisha and Gujarat, while Vishavari Tollway Private Limited provides operation and maintenance and engineering, procurement and construction services for those highway assets.
October 8, 2026
Show AI Summary
Competition clearance for hospitality share acquisition permits investment in a company owning and developing hotel and serviced apartment assets.
Competition Commission of India approved the proposed combination involving CPP Investment Board Private Holdings (4) Inc.'s acquisition of certain shareholding in Prestige Hospitality Ventures Limited. The target is an Indian public limited company within the Prestige group and owns and develops hospitality assets, including hotels and serviced apartments. The acquirer is incorporated in Canada and is managed by Canada Pension Plan Investment Board.
October 8, 2026
Show AI Summary
Internal group restructuring receives merger-control approval for amalgamating an integrated steel producer into the group's steel manufacturer.
Merger-control approval covers the proposed internal JSW Group restructuring through amalgamation of BMM Ispat Limited into JSW Steel Limited. The amalgamation would convert the group's majority interest in BMM into full ownership and is intended to enhance operational, financial and organisational efficiencies through economies of scale, resource pooling and capital rationalisation. BMM is commercially integrated in the group's supply chain through intra-group sales and procurements.
October 7, 2026
Show AI Summary
Transparent land e-auction procedures support bidder preparedness through mock training, registration and earnest-money requirements for phased asset monetisation.
National Land Monetization Corporation is facilitating a two-phase e-tender-cum-e-auction of 459 encumbrance-free land parcels of Rashtriya Ispat Nigam Limited through the RailTel E-Nivida e-Procurement Platform. Participation requires registration, fulfilment of prescribed requirements and submission of earnest money deposit within the applicable deadlines. Physical and online mock e-auction training familiarises prospective bidders with the bidding interface and participation procedure. Investor outreach provides information on plot details, eligibility requirements, registration and bidding conditions.
October 7, 2026
Show AI Summary
Preventive narcotics outreach promotes drug awareness, community participation, and sustainable livelihood alternatives to discourage illicit cannabis cultivation.
Preventive outreach in Malana village promoted drug awareness, youth engagement, community participation and alternative development in an area associated with illicit cannabis cultivation. Residents were sensitised to the harmful effects of cannabis, charas and hashish oil consumption and encouraged to pursue sustainable alternatives, including apiculture, animal husbandry, dairy activities and tourism. Community discussions addressed livelihood barriers, ecological concerns, and commitments to refrain from drug consumption and discourage illicit cannabis cultivation.
October 7, 2026
Show AI Summary
Cross-border financial cooperation guides work on market access, sustainable finance, fintech safeguards, and payment interoperability.
India-UK financial-markets cooperation covers capital-market connectivity, cross-border listings, investor access and development of GIFT IFSC as an international financial centre. Engagement also addresses insurance, pensions, asset management, sustainable-finance disclosures and cross-border investment. Fintech cooperation includes digital public infrastructure, central bank digital currencies, data exchange, responsible artificial intelligence, fraud prevention, cyber security and operational resilience. Cross-border payments work prioritises reduced frictions, transparency, efficiency and interoperability of electronic payment infrastructures.
October 7, 2026
Show AI Summary
Investment commitments and tariff predictability under India-EFTA TEPA support market access, supply-chain planning, and long-term bilateral trade.
India-EFTA TEPA establishes reciprocal market-access commitments, with EFTA coverage extending to most Indian exports and full coverage for non-agricultural products. Tariff predictability is intended to support investment planning, supply-chain development and longer-term business partnerships. Agricultural opportunities may arise where duties have been reduced to zero. Article 7.1 includes an investment commitment under which the EFTA States are to aim to increase foreign direct investment into India and facilitate employment generation within specified implementation periods.
October 7, 2026
Show AI Summary
Foreign investment engagement focuses on expanded partnerships across financial services, manufacturing, insurance, and emerging technologies in India.
India-U.S. trade and investment engagement was pursued through discussions with leading United States companies on expanding investment, partnerships and commercial operations in India. Financial-sector discussions addressed private equity, asset and wealth management, insurance, and financial services, including prospective engagement aligned with the objective of insurance access for all by 2047.
October 7, 2026
Show AI Summary
Policy repo rate recalibration responds to inflationary pressures, adopting calibrated tightening while future actions depend on growth and inflation conditions.
Monetary policy is recalibrated through an increase in the policy repo rate under the liquidity adjustment facility by 25 basis points to 5.50 per cent. The monetary policy stance shifts to calibrated tightening, indicating that near-term rate reductions are excluded and that subsequent action may consist of a rate increase or a pause, depending on evolving conditions and the outlook. Further rate action depends on growth-inflation developments, underlying inflation, broadening price pressures, second-round effects and demand impulses.
October 7, 2026
Show AI Summary
Index of Services Production expansion proposes broader service-sector coverage through education, health, residential care, public administration and defence.
The Index of Services Production is proposed to expand beyond its initial formal-sector coverage, which relies on high-frequency administrative data and GST outward-supplies data. Education, Human Health and Residential Care, and Public Administration and Defence are proposed for inclusion. Their incorporation would increase coverage of services-sector Gross Value Added and support aggregation of sub-sectoral indices into a unified measure of short-term services-sector movements. Stakeholder views are invited on the proposed methodology.
October 7, 2026
Show AI Summary
Cross-border gold smuggling enforcement addresses concealed foreign-origin gold transport through customs seizure, arrest, and investigation of organised networks.
Intelligence-led customs enforcement targeted cross-border gold smuggling through surveillance and interception of four persons travelling from a border route. Personal searches recovered foreign-origin gold biscuits concealed in specially tailored cloth waist belts. Seventy-two gold biscuits were seized under relevant provisions of the Customs Act, 1962, and the four persons were arrested. Investigation continues into organised networks and wider syndicates involved in the movement and distribution of smuggled gold.
October 6, 2026
Show AI Summary
Financial inclusion drives digital lending, insurance claim awareness, portal enrolment, and banking access for marginalised sections.
Banks were urged to expand brick-and-mortar branches and banking correspondent coverage in unbanked villages, strengthen digital outreach, and implement end-to-end digital loan processing. Working-capital lending for micro-enterprises through UPI-linked credit lines and credit cards was highlighted. Banks were also directed to increase awareness of insurance claim eligibility, exercise care in claim-related grievance handling, and enrol new PMJJBY and PMSBY beneficiaries through the Jan Suraksha portal.

News

Back

All News

Showing Results for :
Reset Filters
No Records Found

News

Back

All News

Customs, DGFT & SEZ

Customs Cases

May 15, 2008

Contents
Plus +
Summary
Note

Note

-

Bookmark

Print

Print

Customs Cases "

 

1

Customs - 2008 - TMI - 4024 - CESTAT, BANGALORE

 

EOU - procured goods free of Customs & Excise duty - export obligation was fulfilled partially due to business exigencies - as the appellant had put to use the imported capital goods for fulfillment of export obligation, duty liability will be computed after giving the benefit of depreciation - Moreover, the domestic sale without taking the approval of the Development Comm. does not appear a very serious offence - Penalty reduced & original authority is directed to recompute duty liability

 

 

2

Customs - 2008 - TMI - 4023 - CESTAT, BANGALORE

 

Approached for conversion of DEEC shipping bills to DEEC-cum-Drawback shipping bill, to claim drawback - When major portion of the raw materials used has suffered duty, there is no reason to deny drawback - failure on the part of the exporter to export the goods under one scheme will automatically not deprive him of the benefit of the drawback - only obligation on the part of the exporter is that the goods have to be used & value added product has to be exported - drawback is justified

 

 

3

Customs - 2008 - TMI - 4022 - HIGH COURT GUJARAT

 

Refund - whether the amount of refund or licence can be renewed or fresh licence can be issued, when the payment of duty has not been made in cash and only debit entry has been made in DEPB Script - respondents are directed to re-validate the licence to the extent he has made debit entry in DEPB script - but matter will be examined by authority whether on revalidating the licence, can there be a case of unjust enrichment - authority is directed to pass appropriate order in accordance with law

 

 

4

Customs - 2008 - TMI - 4020 - HIGH COURT DELHI

 

Petitioner requested Designated Authority to impose anti-dumping duties on ferro alloys dumped in India - Designated Authority appointed u/r 3, if called upon to do ""sunset review"" is obliged to carry out the same, it can't decline to do so & the Central Govt. must consider the recommendation made by Des. Authority & take a decision thereon - request of Petitioners for sunset review should be considered expeditiously u/r 23 of Cus. T. R. (Identification, Assessment & Collection of Anti Dum. Duty

 

 

5

Customs - 2008 - TMI - 4017 - SUPREME COURT

 

Import of Orange Shock Tube at reduced price because of increase in quantum of import - revenue proceeded against importer on account of undervaluation as declared value is substantially lower then actual value - revenue not placed any contemporaneous import of identical goods - Merely because the supplier was holding 30% of equity in share capital of importer, doesn't establish mutuality of interest as no equity was held by the importer in foreign company - transaction value acceptable

 

 

6

Customs - 2008 - TMI - 3994 - CESTAT, BANGALORE

 

Imported goods, HP server for testing (data processing equipment) - contention of Revenue is that as per Exim Policy, import of computers including PCs & Laptops are restricted & they actually require licence - held that the restriction of the import of second-hand computers including personal computers & laptop wouldn't be applicable to server - server are different from PCs & laptop computers, which are actually stand-alone equipments - no reason to exclude them from scope of Capital Goods

 

 

7

Customs - 2008 - TMI - 3991 - CESTAT, BANGALORE

 

Iron ore confiscated on basis of test reports of samples because as per report iron content in the iron ore was 65.5%. - assessee at the time of export submitted a certificate issued to the effect that the content of Fe in the ore was 62.90% which was well within the limit of 64% - there is chance of evaporation of moisture & a test conducted after lapse of 6 months time, would not give the same iron content which was found at the time of export- Revenue's allegation is not justified

 

 

8

Customs - 2008 - TMI - 3990 - CESTAT MUMBAI

 

On basis of unsigned invoice, Revenue proceeded against assessee for undervaluation - import of broodmare - payment for the mare was made against exchange permit issued by the RBI - no evidence of remittance of any amount over and above that covered by the foreign demand draft - Supplier has also confirmed that price shown in invoice(which was presented by importer) was correct - Allegation of undervaluation on basis of said invoice(which is not at the time of import) is not justified

 

 

9

Customs - 2008 - TMI - 3989 - CESTAT, BANGALORE

 

EOU - imported raw materials and CG u/not. 196/94-Cus. without payment of duty - Aqua Culture Industry - There was a viral disease and order of SC was also not in favour of the continuance of the Aqua Culture units, so export obligation could not be fulfilled - however, appellants actually commenced commercial production and they supplied the goods to the other exporters in India - hence, payment of duty at depreciated value is available from the date of commencement of commercial production

 

 

10

Customs - 2008 - TMI - 3986 - CESTAT, MUMBAI

 

Synthetic polyester fabrics seized - smuggling - goods declared in packing list attached to B/E & goods actually seized weren't matching - There is possibility that appellant after importing the goods and paying duty, on B/E, might have repacked the goods & stored it in the godown - held that goods were not of smuggled nature as goods seized were not in original package but were in loose condition - full mazhar value of the goods is entitled as goods have lost their value & demand in 4 years

 

 

11

Customs - 2008 - TMI - 3985 - CESTAT, CHENNAI

 

Amendment or modification of IGM (Import General Manifest) & Bill of entry - Steamer Agent had applied for amendment of IGM for substituting the name of the appellants with new person, as appellant had financial difficulty to clear the goods - Amendment is allowed, if there is no fraudulent intention or substantial revenue - Appeal is allowed to enable amendment of IGM and the Bill of Entry, but new person will produce documentary evidence of its title to the goods, to do the same

 

 

12

Customs - 2008 - TMI - 3984 - CESTAT, CHENNAI

 

Assessee fraudulently obtained transferability endorsements from the licensing authority, for transfer of Advance license - For this violation assessee cannot be penalized, however Customs officer could have preferred appeal to the appellate authority u/s 18 of the FTDR Act - Where the action proposed u/s 111 stands dropped by commissioner, there is no question of invoking Section 112 for imposing penalty - Moreover there is no confiscation because subject goods were not imported by assessee

 

 

13

Customs - 2008 - TMI - 3982 - CESTAT, BANGALORE

 

Assessee, hospital cleared certain equipments like computerized gas electrolyte analyzer system claiming benefit of exemption from Customs duty u/not. 64/88 - non-compliance of condition - free treatment to on an average 40% patient - . ""On an average"", needn't be on daily or monthly basis but at least on a yearly basis, they should show that they had treated 40% of the outpatients free - condition not fulfilled - Demand sustainable but penalty reduced

 

 

14

Customs - 2008 - TMI - 3980 - CESTAT, KOLKATA

 

Offence of supplying blank consignment notes committed by proprietor of transport co. - merely because the appellant (son of proprietor of transport company) gave a statement as a power of attorney holder, he cannot be visited with a penalty - either the proprietor or the proprietary concern should have been penalized - penalty on son set aside

 

 

15

Customs - 2008 - TMI - 3979 - CESTAT, MUMBAI

 

Which of the adj. authority shall adjudicate in the de novo adjudication proceedings Commissioner or Addl. Comm. - Both of them issued corrigendum to SCN, directing applicant & noticees to explain and show cause - an adjudication by the Commissioner of Customs would be appropriate because in the original proceedings the appeal against the ld. Additional Commissioner's order was before the Tribunal - Commissioner is directed to conduct the ad. proceedings as per direction of HC

 

 

16

Customs - 2008 - TMI - 3976 - CESTAT, MUMBAI

 

Non-appearance of assessee appellant on date of hearing - when the ad. authority is re-considering the issue almost after 7½ years, it was incumbent upon him to grant another hearing if the appellant has not appeared on the date of personal hearing - there is a violation of principles of natural justice and the heavy duty liability of Rs.1.13 crores and almost equivalent penalty, could not be saddled without grant of personal hearing to the appellant - appeals are allowed by way of remand

 

 

17

Customs - 2008 - TMI - 3975 - CESTAT, MUMBAI

 

Refund of the amount of interest paid by the respondent on the warehousing charges - as per Circular No. 475/30/90 warehousing interest levied under Section 61(2) of the Customs Act is distinguishable from Customs duty - Accordingly, provisions of Section 27 will not apply to refund of interest recovered u/s 61(2) - However, the period under the Limitation Act may be applicable - Refund allowed in view of impugned circular

 

 

18

Customs - 2008 - TMI - 3973 - CESTAT, MUMBAI

 

In the present case, first ROM application was dismissed on 14-6-2007 - in another case Larger Bench of the Tribunal has held that the second application for rectification of some alleged mistake in an order rejecting an application for rectification, is not maintainable - ROM application dismissed

 

 

19

Customs - 2008 - TMI - 3970 - CESTAT, BANGALORE

 

Refund - Interest - On basis of earlier decision which is decided in favour of assessee, both the extra duty deposited and also the pre-deposit should have been refunded to the applicant within a reasonable period of time taking the minimum time required for processing - In view of the clear cut directions of the Board circulars, dept. is directed to implement the Tribunal's order without further delay by granting the refund due to the party along with interest in accordance with law

 

Topics

Acts Income Tax