https://www.taxtmi.com/caselaws?id=449055 CESTAT Ahmedabad dismissed the appellant's appeal regarding confiscation of imported non-foundry scrap and demand for customs duty, interest, and penalty. The appellant exceeded prescribed input/output norms for raw material utilization. The tribunal rejected the appellant's calculation using a fixed ratio of 1.5, finding it inconsistent with DGFT letter provisions and actual verified ratios. The court held that wastage norms of 1.26 for manufacturing brass items from segregated scrap included all losses including slag. Regarding time limitation, the tribunal ruled that since demand was raised under both Section 28 and Section 72 of Customs Act invoking bond conditions under Notification 52/2003, limitation period was not applicable. en-us Tue, 30 Jan 2024 00:00:00 +0530 Mon, 05 Feb 2024 17:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=449055 CESTAT Ahmedabad dismissed the appellant's appeal regarding confiscation of imported non-foundry scrap and demand for customs duty, interest, and penalty. The appellant exceeded prescribed input/output norms for raw material utilization. The tribunal rejected the appellant's calculation using a fixed ratio of 1.5, finding it inconsistent with DGFT letter provisions and actual verified ratios. The court held that wastage norms of 1.26 for manufacturing brass items from segregated scrap included all losses including slag. Regarding time limitation, the tribunal ruled that since demand was raised under both Section 28 and Section 72 of Customs Act invoking bond conditions under Notification 52/2003, limitation period was not applicable. Case-Laws Customs Tue, 30 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=449055