https://www.taxtmi.com/caselaws?id=125171 The Appellate Tribunal CESTAT, Mumbai, upheld the Commissioner of Customs, Mumbai's decision to confiscate excess raw materials imported duty-free and deny exemption claimed under specific notifications. The judgment demanded recovery of customs duty foregone and imposed penalties on the company and individuals. However, the Tribunal granted a waiver of pre-deposit of duty and penalties pending appeal disposal, finding that the applicants had validly availed exemptions and complied with licensing conditions, in alignment with a Supreme Court judgment. The case was directed for regular hearing due to significant revenue involved. en-us Mon, 10 Mar 2008 00:00:00 +0530 Sat, 20 Oct 2012 12:04:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=125171 The Appellate Tribunal CESTAT, Mumbai, upheld the Commissioner of Customs, Mumbai's decision to confiscate excess raw materials imported duty-free and deny exemption claimed under specific notifications. The judgment demanded recovery of customs duty foregone and imposed penalties on the company and individuals. However, the Tribunal granted a waiver of pre-deposit of duty and penalties pending appeal disposal, finding that the applicants had validly availed exemptions and complied with licensing conditions, in alignment with a Supreme Court judgment. The case was directed for regular hearing due to significant revenue involved. Case-Laws Customs Mon, 10 Mar 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=125171