https://www.taxtmi.com/caselaws?id=759312 CESTAT New Delhi classified imported Solar Pump Inverter VFD under CTI 8504 40 90 as inverter rather than appellant's claimed CTI 8541 50 00 as semiconductor device. Tribunal held primary function remains current conversion despite additional intelligent features. However, demand under section 28 Customs Act was set aside as assessment was finalized through order-in-original, not requiring reopening of completed assessment. Consequently, penalty under section 114A and interest under section 28AA were also set aside. Appellant remained ineligible for duty exemption notifications due to classification ruling. Appeal partly allowed with duty payable as per final assessment. en-us Fri, 27 Sep 2024 00:00:00 +0530 Fri, 27 Sep 2024 14:27:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759312 CESTAT New Delhi classified imported Solar Pump Inverter VFD under CTI 8504 40 90 as inverter rather than appellant's claimed CTI 8541 50 00 as semiconductor device. Tribunal held primary function remains current conversion despite additional intelligent features. However, demand under section 28 Customs Act was set aside as assessment was finalized through order-in-original, not requiring reopening of completed assessment. Consequently, penalty under section 114A and interest under section 28AA were also set aside. Appellant remained ineligible for duty exemption notifications due to classification ruling. Appeal partly allowed with duty payable as per final assessment. Case-Laws Customs Fri, 27 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759312