https://www.taxtmi.com/highlights?id=75503 Extended Period of limitation u/s 28 - Demand duty - confiscation - penalty - ab initio cancellation of the scrip - Forged Shipping Bills - The CESTAT held that the extended period of limitation under section 28 of the Customs Act could only be invoked if the non-payment or short payment of duty is on account of ‘collusion, wilful misstatement or suppression of facts’ by the importer, which were not present in this case. As a result, the demand for Customs duty, confiscation of goods, and penalties imposed on the appellant were set aside. en-us Fri, 08 Mar 2024 13:27:52 +0530 Fri, 08 Mar 2024 13:27:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=75503 Extended Period of limitation u/s 28 - Demand duty - confiscation - penalty - ab initio cancellation of the scrip - Forged Shipping Bills - The CESTAT held that the extended period of limitation under section 28 of the Customs Act could only be invoked if the non-payment or short payment of duty is on account of ‘collusion, wilful misstatement or suppression of facts’ by the importer, which were not present in this case. As a result, the demand for Customs duty, confiscation of goods, and penalties imposed on the appellant were set aside. Highlights Customs Fri, 08 Mar 2024 13:27:52 +0530 https://www.taxtmi.com/highlights?id=75503