https://www.taxtmi.com/caselaws?id=759980 CESTAT New Delhi classified imported motorcycle shock absorber parts under CTI 8714 10 90 rather than 8714 91 00, upholding Revenue's classification. The tribunal rejected appellant's claim for exemption under Notification No. 50/2017-CUS as CTI 8714 10 90 was not covered. However, CESTAT set aside confiscation under section 111(m), finding goods cannot be confiscated merely for classification differences during self-assessment. Consequently, penalties under sections 112 and 114AA on appellant and manager were also set aside, as these required prior confiscation liability. en-us Thu, 10 Oct 2024 00:00:00 +0530 Fri, 11 Oct 2024 10:18:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759980 CESTAT New Delhi classified imported motorcycle shock absorber parts under CTI 8714 10 90 rather than 8714 91 00, upholding Revenue's classification. The tribunal rejected appellant's claim for exemption under Notification No. 50/2017-CUS as CTI 8714 10 90 was not covered. However, CESTAT set aside confiscation under section 111(m), finding goods cannot be confiscated merely for classification differences during self-assessment. Consequently, penalties under sections 112 and 114AA on appellant and manager were also set aside, as these required prior confiscation liability. Case-Laws Customs Thu, 10 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759980