https://www.taxtmi.com/news?id=35356 Limitation on tax demands is central: Customs issued a show-cause notice seeking reassessment on the basis that imports declared as individual parts should have been classified as Completely Knocked Down (CKD) units, attracting higher duty. The company claims the notice is arbitrary and time-barred after decades of payments under the parts classification. The court confined its current consideration to the limitation issue and directed Customs to file an affidavit explaining why the notice is not barred by limitation, with a specified filing deadline. en-us Wed, 26 Feb 2025 18:16:03 +0530 Wed, 26 Feb 2025 18:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=35356 Limitation on tax demands is central: Customs issued a show-cause notice seeking reassessment on the basis that imports declared as individual parts should have been classified as Completely Knocked Down (CKD) units, attracting higher duty. The company claims the notice is arbitrary and time-barred after decades of payments under the parts classification. The court confined its current consideration to the limitation issue and directed Customs to file an affidavit explaining why the notice is not barred by limitation, with a specified filing deadline. News - Wed, 26 Feb 2025 18:16:03 +0530 https://www.taxtmi.com/news?id=35356