https://www.taxtmi.com/caselaws?id=446579 CESTAT New Delhi classified imported LG Watch W7 under CTH 85176290 rather than appellant's claimed CTH 91021900, ruling that smart watches with internet connectivity and phone capabilities fall under telecommunications equipment rather than timepieces. The tribunal denied concessional duty benefits under Notification 152/2009 as the correct classification was not covered. However, CESTAT set aside confiscation and penalty, finding the misclassification resulted from genuine misunderstanding rather than intentional mala fide conduct. The customs duty demand was upheld while penal provisions were rejected. Appeal allowed in part. en-us Thu, 30 Nov 2023 00:00:00 +0530 Thu, 07 Dec 2023 07:18:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=446579 CESTAT New Delhi classified imported LG Watch W7 under CTH 85176290 rather than appellant's claimed CTH 91021900, ruling that smart watches with internet connectivity and phone capabilities fall under telecommunications equipment rather than timepieces. The tribunal denied concessional duty benefits under Notification 152/2009 as the correct classification was not covered. However, CESTAT set aside confiscation and penalty, finding the misclassification resulted from genuine misunderstanding rather than intentional mala fide conduct. The customs duty demand was upheld while penal provisions were rejected. Appeal allowed in part. Case-Laws Customs Thu, 30 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=446579