https://www.taxtmi.com/caselaws?id=170378 The government upheld the lower authorities' decisions in the case involving M/s. Sandvik Asia Pvt. Ltd. and M/s. JCB India Ltd. regarding the fixation of Brand Rate under Rule 7 of the Duty Drawback Rules, 1995. The applicants' failure to declare their intention to avail the Brand Rate in the shipping bills at the time of export led to the rejection of their applications. The penalty imposed under Section 114AA of the Customs Act, 1962, was deemed valid, and the government found no grounds to revise the decisions, citing strict adherence to statutory provisions and circulars. en-us Mon, 01 Apr 2013 00:00:00 +0530 Sat, 23 May 2015 12:28:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=170378 The government upheld the lower authorities' decisions in the case involving M/s. Sandvik Asia Pvt. Ltd. and M/s. JCB India Ltd. regarding the fixation of Brand Rate under Rule 7 of the Duty Drawback Rules, 1995. The applicants' failure to declare their intention to avail the Brand Rate in the shipping bills at the time of export led to the rejection of their applications. The penalty imposed under Section 114AA of the Customs Act, 1962, was deemed valid, and the government found no grounds to revise the decisions, citing strict adherence to statutory provisions and circulars. Case-Laws Customs Mon, 01 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=170378