https://www.taxtmi.com/caselaws?id=764375 CESTAT Kolkata ruled on delayed payment of Special Additional Duty (SAD) for raw sugar imports. The tribunal confirmed interest liability under Section 28AB of Customs Act, 1962 as applicable through Section 3(12) of CTA. However, penalties under Sections 114A and 114AA were set aside as importer acted in bona fide belief regarding exemption availability and customs authorities cleared bills without queries. Confiscation was rejected since goods were cleared with proper permission. Penalty on customs house agent under Section 112(a)(ii) was also set aside for similar reasons. Appeals disposed of with interest confirmed but penalties removed. en-us Tue, 07 Jan 2025 00:00:00 +0530 Wed, 08 Jan 2025 10:18:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764375 CESTAT Kolkata ruled on delayed payment of Special Additional Duty (SAD) for raw sugar imports. The tribunal confirmed interest liability under Section 28AB of Customs Act, 1962 as applicable through Section 3(12) of CTA. However, penalties under Sections 114A and 114AA were set aside as importer acted in bona fide belief regarding exemption availability and customs authorities cleared bills without queries. Confiscation was rejected since goods were cleared with proper permission. Penalty on customs house agent under Section 112(a)(ii) was also set aside for similar reasons. Appeals disposed of with interest confirmed but penalties removed. Case-Laws Customs Tue, 07 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764375