https://www.taxtmi.com/caselaws?id=126010 The Appellate Tribunal CESTAT, Chennai dismissed Revenue's stay application for recovery of duty, misdeclaration, suppression of facts, confiscation of goods, and penalty. The Tribunal found the issue of whether the value of software pre-loaded onto imported hardware should be considered integral to be highly debatable, unable to determine the applicable legal precedent. Consequently, the Tribunal ruled that no prima facie case for stay had been established by the Revenue and dismissed the application, emphasizing the need for a clear legal precedent in the treatment of software in relation to hardware imports. en-us Thu, 12 Feb 2009 00:00:00 +0530 Thu, 01 Nov 2012 14:17:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126010 The Appellate Tribunal CESTAT, Chennai dismissed Revenue's stay application for recovery of duty, misdeclaration, suppression of facts, confiscation of goods, and penalty. The Tribunal found the issue of whether the value of software pre-loaded onto imported hardware should be considered integral to be highly debatable, unable to determine the applicable legal precedent. Consequently, the Tribunal ruled that no prima facie case for stay had been established by the Revenue and dismissed the application, emphasizing the need for a clear legal precedent in the treatment of software in relation to hardware imports. Case-Laws Customs Thu, 12 Feb 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126010