https://www.taxtmi.com/caselaws?id=264913 The Appellate Tribunal CESTAT Mumbai upheld M/s. Neotric Informatique Ltd.'s classification of imported goods under CTH 8473 30 99, rejecting the duty demand, confiscation, and penalties imposed by the adjudicating authority. The Tribunal found the appellant's classification based on a bona fide belief, common trade parlance, and past practices to be valid. It dismissed the Revenue's allegations of misdeclaration and suppression of facts, rejecting the extended period invocation and penalty under Section 114A of the Customs Act. The Tribunal's decision provided relief to the appellant and dismissed the Revenue's appeal. en-us Wed, 26 Nov 2014 00:00:00 +0530 Sun, 04 Oct 2015 12:38:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264913 The Appellate Tribunal CESTAT Mumbai upheld M/s. Neotric Informatique Ltd.'s classification of imported goods under CTH 8473 30 99, rejecting the duty demand, confiscation, and penalties imposed by the adjudicating authority. The Tribunal found the appellant's classification based on a bona fide belief, common trade parlance, and past practices to be valid. It dismissed the Revenue's allegations of misdeclaration and suppression of facts, rejecting the extended period invocation and penalty under Section 114A of the Customs Act. The Tribunal's decision provided relief to the appellant and dismissed the Revenue's appeal. Case-Laws Customs Wed, 26 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264913