https://www.taxtmi.com/caselaws?id=363403 The tribunal upheld the validity of the Show Cause Notice (SCN) issued under Section 28 of the Customs Act, citing the possibility of reopening assessments. It interpreted Notification No. 21/2002 Customs strictly, requiring machinery to be used specifically in the plantation sector. The tribunal found suppression of material facts, justifying the extended period for issuing the SCN. While setting aside the redemption fine, it reduced penalties imposed on the Managing Director and Director. Ultimately, the appeal was disposed of in accordance with these findings. en-us Tue, 10 Jul 2018 00:00:00 +0530 Fri, 21 Feb 2020 12:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363403 The tribunal upheld the validity of the Show Cause Notice (SCN) issued under Section 28 of the Customs Act, citing the possibility of reopening assessments. It interpreted Notification No. 21/2002 Customs strictly, requiring machinery to be used specifically in the plantation sector. The tribunal found suppression of material facts, justifying the extended period for issuing the SCN. While setting aside the redemption fine, it reduced penalties imposed on the Managing Director and Director. Ultimately, the appeal was disposed of in accordance with these findings. Case-Laws Customs Tue, 10 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363403