https://www.taxtmi.com/caselaws?id=753627 CESTAT Mumbai held that customs duty demand under extended limitation period was unsustainable where appellant imported inputs for manufacturing life-saving drugs exempted from duty under N/N. 52/2003-Cus. The tribunal found no evidence of intentional duty evasion or suppression of facts by appellant, who held bonafide belief regarding exemption eligibility. Following coordinate bench precedent in appellant's own case, demand beyond normal limitation period was set aside. Penalty under Section 114A was also quashed. Appeal allowed. en-us Mon, 03 Jun 2024 00:00:00 +0530 Thu, 06 Jun 2024 09:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753627 CESTAT Mumbai held that customs duty demand under extended limitation period was unsustainable where appellant imported inputs for manufacturing life-saving drugs exempted from duty under N/N. 52/2003-Cus. The tribunal found no evidence of intentional duty evasion or suppression of facts by appellant, who held bonafide belief regarding exemption eligibility. Following coordinate bench precedent in appellant's own case, demand beyond normal limitation period was set aside. Penalty under Section 114A was also quashed. Appeal allowed. Case-Laws Customs Mon, 03 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753627