https://www.taxtmi.com/caselaws?id=756626 CESTAT Mumbai denied concessional duty benefit under notification 21/2002-Cus for waste paper import after finding the importer used material for paper production instead of newsprint manufacturing and failed to maintain separate books. The tribunal held that Insolvency and Bankruptcy Code 2016 does not bar determination of past duty liability, only recovery enforcement. However, penalties under section 112 of Customs Act against two individual directors were set aside as lower authorities failed to establish their specific role in furnishing the end-use certificate, with liability based solely on their managerial positions being insufficient. en-us Mon, 05 Aug 2024 00:00:00 +0530 Tue, 06 Aug 2024 11:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756626 CESTAT Mumbai denied concessional duty benefit under notification 21/2002-Cus for waste paper import after finding the importer used material for paper production instead of newsprint manufacturing and failed to maintain separate books. The tribunal held that Insolvency and Bankruptcy Code 2016 does not bar determination of past duty liability, only recovery enforcement. However, penalties under section 112 of Customs Act against two individual directors were set aside as lower authorities failed to establish their specific role in furnishing the end-use certificate, with liability based solely on their managerial positions being insufficient. Case-Laws Customs Mon, 05 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756626