https://www.taxtmi.com/caselaws?id=752425 CESTAT Chennai held that redetermination of MRP for imported laptop computers was illegal and unsustainable. The appellant imported laptops and supplied them with locally procured carry bags to ELCOT, affixing higher MRP stickers for the composite supply. The tribunal found no legal methodology exists for redetermining MRP of imported goods for CVD purposes under Section 4A of Central Excise Act. Additionally, the show cause notice was time-barred as department was aware of facts since 2013 but issued notice in 2017. Following Mahindra Mahindra Ltd. precedent, confiscation, interest, penalty and redemption fine on CVD were also unsustainable. The impugned order was set aside and appeal allowed. en-us Wed, 08 May 2024 00:00:00 +0530 Thu, 09 May 2024 11:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752425 CESTAT Chennai held that redetermination of MRP for imported laptop computers was illegal and unsustainable. The appellant imported laptops and supplied them with locally procured carry bags to ELCOT, affixing higher MRP stickers for the composite supply. The tribunal found no legal methodology exists for redetermining MRP of imported goods for CVD purposes under Section 4A of Central Excise Act. Additionally, the show cause notice was time-barred as department was aware of facts since 2013 but issued notice in 2017. Following Mahindra Mahindra Ltd. precedent, confiscation, interest, penalty and redemption fine on CVD were also unsustainable. The impugned order was set aside and appeal allowed. Case-Laws Customs Wed, 08 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752425