https://www.taxtmi.com/caselaws?id=754853 CESTAT Mumbai allowed the appeal challenging recovery of differential duty, interest and penalties on walnut imports under notification 98/2009-Cus against transferable scrips. The tribunal held that adjudication proceedings exceeded the statutory time limit under section 28(9A) of Customs Act, 1962, as the notice dated September 2020 was adjudicated only in May 2023, well beyond the permitted extension period ending March 2022. Additionally, following Bombay HC precedent in Shah Nanji Nagsi Exports case, the tribunal ruled that no conditions could attach to goods imported against scrips released from export obligations, negating liability under section 111(o) and consequent penalties under section 112. en-us Thu, 27 Jun 2024 00:00:00 +0530 Mon, 01 Jul 2024 18:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754853 CESTAT Mumbai allowed the appeal challenging recovery of differential duty, interest and penalties on walnut imports under notification 98/2009-Cus against transferable scrips. The tribunal held that adjudication proceedings exceeded the statutory time limit under section 28(9A) of Customs Act, 1962, as the notice dated September 2020 was adjudicated only in May 2023, well beyond the permitted extension period ending March 2022. Additionally, following Bombay HC precedent in Shah Nanji Nagsi Exports case, the tribunal ruled that no conditions could attach to goods imported against scrips released from export obligations, negating liability under section 111(o) and consequent penalties under section 112. Case-Laws Customs Thu, 27 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754853