https://www.taxtmi.com/caselaws?id=355072 The Tribunal allowed the appeal, setting aside the order confirming customs duty liability and penalties against a 100% EOU for importing goods without paying customs duty. It held that the goods were eligible for exemption as capital goods, duly authorized and assessed by Customs authorities. The Tribunal found the denial of exemption unsustainable, referencing case law and emphasizing that premature proceedings cannot be initiated against goods in a warehouse without invoking relevant provisions of the Customs Act. en-us Tue, 14 Nov 2017 00:00:00 +0530 Fri, 09 Feb 2018 07:47:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355072 The Tribunal allowed the appeal, setting aside the order confirming customs duty liability and penalties against a 100% EOU for importing goods without paying customs duty. It held that the goods were eligible for exemption as capital goods, duly authorized and assessed by Customs authorities. The Tribunal found the denial of exemption unsustainable, referencing case law and emphasizing that premature proceedings cannot be initiated against goods in a warehouse without invoking relevant provisions of the Customs Act. Case-Laws Customs Tue, 14 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355072