Misclassification of Goods as "Medicament" for CVD Exemption Confirmed; Confiscation u/s 111 Justified, Penalty Reduced.

Misclassification of Goods as "Medicament" for CVD Exemption Confirmed; Confiscation u/s 111 Justified, Penalty Reduced. https://www.taxtmi.com/highlights?id=27091 Wrong Claim of exemption from CVD - respondents claimed classification of goods as “medicament” under Chapter 30 with intention to avail exemption of CVD at NIL rate - intention of the respondent is established the contravention u/s 111 for confiscation is fully justified - Demand of duty confirmed - however redemption fine and penalty reduced - AT en-us Thu, 28 Jan 2016 12:45:59 +0530 Thu, 28 Jan 2016 12:45:59 +0530 TaxTMI RSS Generator Misclassification of Goods as "Medicament" for CVD Exemption Confirmed; Confiscation u/s 111 Justified, Penalty Reduced. https://www.taxtmi.com/highlights?id=27091 Wrong Claim of exemption from CVD - respondents claimed classification of goods as “medicament” under Chapter 30 with intention to avail exemption of CVD at NIL rate - intention of the respondent is established the contravention u/s 111 for confiscation is fully justified - Demand of duty confirmed - however redemption fine and penalty reduced - AT Highlights Customs Thu, 28 Jan 2016 12:45:59 +0530 https://www.taxtmi.com/highlights?id=27091