https://www.taxtmi.com/caselaws?id=414345 The tribunal upheld the reclassification of imported goods as "Rubber Process Oil" under CTH 27079900, while allowing exemption under Notification No. 96/2009-Cus. It dismissed the revenue's appeal for demanding differential customs duty, interest, and penalties, as there was no evidence of willful misdeclaration. The tribunal also rejected the confiscation of goods under the Customs Act, noting their legitimate use in manufacturing export products. Additionally, the extended period of limitation was not justified, and the Doctrine of Revenue Neutrality was applied to prevent taxing exports. en-us Fri, 29 Oct 2021 00:00:00 +0530 Wed, 03 Nov 2021 09:31:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414345 The tribunal upheld the reclassification of imported goods as "Rubber Process Oil" under CTH 27079900, while allowing exemption under Notification No. 96/2009-Cus. It dismissed the revenue's appeal for demanding differential customs duty, interest, and penalties, as there was no evidence of willful misdeclaration. The tribunal also rejected the confiscation of goods under the Customs Act, noting their legitimate use in manufacturing export products. Additionally, the extended period of limitation was not justified, and the Doctrine of Revenue Neutrality was applied to prevent taxing exports. Case-Laws Customs Fri, 29 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414345