https://www.taxtmi.com/caselaws?id=765386 The Appellate Tribunal dismissed three appeals filed by the Directorate challenging an Additional Director of Enforcement order dropping FEMA charges. The FEMA case was based on a DRI Show-Cause Notice under Customs Act alleging duty evasion through suppressed export values, which was subsequently nullified. The Tribunal found that appellants followed prescribed procedures for independent certification by government-accredited labs for Fe content declaration, and government lab reports cannot be disregarded unless proven palpably wrong. The price variations were within tolerance range from income-tax perspective, and the Tribunal upheld the adjudicating authority's order dropping the charges. en-us Thu, 28 Nov 2024 00:00:00 +0530 Fri, 31 Jan 2025 07:54:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765386 The Appellate Tribunal dismissed three appeals filed by the Directorate challenging an Additional Director of Enforcement order dropping FEMA charges. The FEMA case was based on a DRI Show-Cause Notice under Customs Act alleging duty evasion through suppressed export values, which was subsequently nullified. The Tribunal found that appellants followed prescribed procedures for independent certification by government-accredited labs for Fe content declaration, and government lab reports cannot be disregarded unless proven palpably wrong. The price variations were within tolerance range from income-tax perspective, and the Tribunal upheld the adjudicating authority's order dropping the charges. Case-Laws FEMA Thu, 28 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765386