https://www.taxtmi.com/caselaws?id=751458 CESTAT Mumbai set aside penalties imposed under sections 112 and 114AA of Customs Act, 1962 regarding classification of goods imported under DEEC scheme. The adjudicating authority failed to consider Norms Committee revision and misconstrued section 12 of Customs Act by conflating duty classification with exemption eligibility under section 25 notification. The authority ignored subsequent licence amendment and export obligation discharge certificate issuance. Finding foundational legal lacunae in the adjudication process, CESTAT remanded the matter for fresh hearing with proper opportunity for submissions. en-us Mon, 08 Apr 2024 00:00:00 +0530 Wed, 17 Apr 2024 08:29:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751458 CESTAT Mumbai set aside penalties imposed under sections 112 and 114AA of Customs Act, 1962 regarding classification of goods imported under DEEC scheme. The adjudicating authority failed to consider Norms Committee revision and misconstrued section 12 of Customs Act by conflating duty classification with exemption eligibility under section 25 notification. The authority ignored subsequent licence amendment and export obligation discharge certificate issuance. Finding foundational legal lacunae in the adjudication process, CESTAT remanded the matter for fresh hearing with proper opportunity for submissions. Case-Laws Customs Mon, 08 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751458