Demand of customs duty for destroyed capital goods. No suppression of facts found. Extended period of limitation cannot be invoked.

Demand of customs duty for destroyed capital goods. No suppression of facts found. Extended period of limitation cannot be invoked. https://www.taxtmi.com/highlights?id=77906 CESTAT Bangalore held that show-cause notices invoking extended period u/s 28(1)/(4) of Customs Act were not valid as appellant had informed authorities about capital goods destruction and obtained necessary permissions for de-bonding. Commissioner (A) dropped penalty u/s 114A due to continuous correspondence with no suppression of facts. Order-in-Appeal upheld demand u/s 72(1) based on B17 bond, not sustainable beyond show-cause notice. Decision referenced CCE vs. Gas Authority of India Ltd. to set aside impugned orders and allow appeals. en-us Wed, 29 May 2024 08:30:57 +0530 Wed, 29 May 2024 08:30:57 +0530 TaxTMI RSS Generator Demand of customs duty for destroyed capital goods. No suppression of facts found. Extended period of limitation cannot be invoked. https://www.taxtmi.com/highlights?id=77906 CESTAT Bangalore held that show-cause notices invoking extended period u/s 28(1)/(4) of Customs Act were not valid as appellant had informed authorities about capital goods destruction and obtained necessary permissions for de-bonding. Commissioner (A) dropped penalty u/s 114A due to continuous correspondence with no suppression of facts. Order-in-Appeal upheld demand u/s 72(1) based on B17 bond, not sustainable beyond show-cause notice. Decision referenced CCE vs. Gas Authority of India Ltd. to set aside impugned orders and allow appeals. Highlights Customs Wed, 29 May 2024 08:30:57 +0530 https://www.taxtmi.com/highlights?id=77906