https://www.taxtmi.com/caselaws?id=762898 The Madras HC allowed a writ petition challenging denial of duty drawback rate. Revenue authorities wrongfully denied higher drawback rate claiming petitioner misclassified goods under heading 4203.05 instead of 4203.06. The court held that refund can only be denied if assessment is countermanded through proper legal procedure. Citing SC precedents in Priya Blue Industries and ITC Limited, the court ruled that reassessment during refund processing is impermissible without altering classification in shipping bills under Section 50. The impugned order lacked legal basis. en-us Fri, 08 Nov 2024 00:00:00 +0530 Tue, 10 Dec 2024 08:58:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762898 The Madras HC allowed a writ petition challenging denial of duty drawback rate. Revenue authorities wrongfully denied higher drawback rate claiming petitioner misclassified goods under heading 4203.05 instead of 4203.06. The court held that refund can only be denied if assessment is countermanded through proper legal procedure. Citing SC precedents in Priya Blue Industries and ITC Limited, the court ruled that reassessment during refund processing is impermissible without altering classification in shipping bills under Section 50. The impugned order lacked legal basis. Case-Laws Customs Fri, 08 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762898