https://www.taxtmi.com/caselaws?id=752426 CESTAT Mumbai dismissed the appeal challenging re-determination of value and reclassification of goods from waste and scrap to alloy steel powder. The tribunal held that imposing fine in lieu of confiscation and penalty without proper notice exceeded legal authority and was inadmissible. The appellant failed to establish that respondent received adequate oral notice or that adjudicating authority incorrectly exercised discretion in finding no offence under section 111(m) of Customs Act, 1962. The tribunal clarified that revision of classification and valuation does not statutorily require invoking sections 111(m) and 112 of Customs Act, 1962. en-us Wed, 08 May 2024 00:00:00 +0530 Fri, 10 May 2024 06:57:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752426 CESTAT Mumbai dismissed the appeal challenging re-determination of value and reclassification of goods from waste and scrap to alloy steel powder. The tribunal held that imposing fine in lieu of confiscation and penalty without proper notice exceeded legal authority and was inadmissible. The appellant failed to establish that respondent received adequate oral notice or that adjudicating authority incorrectly exercised discretion in finding no offence under section 111(m) of Customs Act, 1962. The tribunal clarified that revision of classification and valuation does not statutorily require invoking sections 111(m) and 112 of Customs Act, 1962. Case-Laws Customs Wed, 08 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752426