https://www.taxtmi.com/caselaws?id=442265 The Tribunal ruled in favor of the appellant, M/s IFB Industries Ltd, setting aside the order of the Commissioner of Customs and allowing the appeal. It emphasized the limitations of customs officers' authority in re-determining the rate of duty under the IGST Act and the necessity of proper classification procedures. The Tribunal held that the declared classification of the imported goods prevails, leading to the setting aside of confiscation and penalty, as there was no prejudice to the interests of revenue. en-us Wed, 23 Aug 2023 00:00:00 +0530 Sun, 27 Aug 2023 22:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442265 The Tribunal ruled in favor of the appellant, M/s IFB Industries Ltd, setting aside the order of the Commissioner of Customs and allowing the appeal. It emphasized the limitations of customs officers' authority in re-determining the rate of duty under the IGST Act and the necessity of proper classification procedures. The Tribunal held that the declared classification of the imported goods prevails, leading to the setting aside of confiscation and penalty, as there was no prejudice to the interests of revenue. Case-Laws Customs Wed, 23 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442265