https://www.taxtmi.com/caselaws?id=2591 The Appellate Tribunal CESTAT, Mumbai ruled in favor of the appellants in a case concerning the demand of duty of customs against holders of advance licences under Section 28 of the Customs Act, 1962. The Tribunal found that the demand, amounting to Rs. 4,45,792/-, was time-barred as the relevant events occurred within specific timelines, rendering the demand invalid. The lower appellate authority's decision to remand the matter for verification was deemed unnecessary, as the demand itself was time-barred based on the sequence of events. The imposition of penalty was also considered time-barred, leading to the appeal being allowed on these grounds. en-us Fri, 21 Sep 2007 00:00:00 +0530 Wed, 16 Apr 2008 09:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2591 The Appellate Tribunal CESTAT, Mumbai ruled in favor of the appellants in a case concerning the demand of duty of customs against holders of advance licences under Section 28 of the Customs Act, 1962. The Tribunal found that the demand, amounting to Rs. 4,45,792/-, was time-barred as the relevant events occurred within specific timelines, rendering the demand invalid. The lower appellate authority's decision to remand the matter for verification was deemed unnecessary, as the demand itself was time-barred based on the sequence of events. The imposition of penalty was also considered time-barred, leading to the appeal being allowed on these grounds. Case-Laws Customs Fri, 21 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2591