https://www.taxtmi.com/caselaws?id=435207 The Tribunal determined that the I Stat System and its accessories are correctly classifiable under Customs Tariff Heading (CTH) 9027, thereby qualifying for the claimed exemptions under Notification Nos. 24/2005-Cus and 25/2005-Cus. It concluded that the goods were not subject to confiscation under Section 111(m) of the Customs Act, 1962, nor was the penalty under Section 114A justified, as the issue was interpretational without mens rea. Consequently, the Tribunal allowed the appeal, granted consequential benefits, and set aside the impugned order, ruling out the applicability of the extended period of limitation. en-us Fri, 10 Mar 2023 00:00:00 +0530 Tue, 28 May 2024 16:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435207 The Tribunal determined that the I Stat System and its accessories are correctly classifiable under Customs Tariff Heading (CTH) 9027, thereby qualifying for the claimed exemptions under Notification Nos. 24/2005-Cus and 25/2005-Cus. It concluded that the goods were not subject to confiscation under Section 111(m) of the Customs Act, 1962, nor was the penalty under Section 114A justified, as the issue was interpretational without mens rea. Consequently, the Tribunal allowed the appeal, granted consequential benefits, and set aside the impugned order, ruling out the applicability of the extended period of limitation. Case-Laws Customs Fri, 10 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435207