https://www.taxtmi.com/caselaws?id=431367 The Tribunal held that the appellant was entitled to the benefit of the Project Import Regulation, 1986 (PIR, 1986), as long as the contract was registered before an order for clearance of goods for home consumption was made. Additionally, the Tribunal found that a change in classification to Chapter 9801 at the time of ex-bonding was permissible. Consequently, the confiscation, redemption fine, and penalty were deemed unsustainable. The Tribunal allowed the appeals by the assessee and dismissed the Revenue's appeal, setting aside the impugned orders. en-us Tue, 06 Dec 2022 00:00:00 +0530 Mon, 25 Sep 2023 11:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431367 The Tribunal held that the appellant was entitled to the benefit of the Project Import Regulation, 1986 (PIR, 1986), as long as the contract was registered before an order for clearance of goods for home consumption was made. Additionally, the Tribunal found that a change in classification to Chapter 9801 at the time of ex-bonding was permissible. Consequently, the confiscation, redemption fine, and penalty were deemed unsustainable. The Tribunal allowed the appeals by the assessee and dismissed the Revenue's appeal, setting aside the impugned orders. Case-Laws Customs Tue, 06 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431367