https://www.taxtmi.com/caselaws?id=766960 CESTAT Kolkata held that appellant was entitled to exemption benefit under Notification 48/94-C.E. for unrecorded audio cassettes classified under tariff heading 8523.12, as the goods were fully covered by the exemption notification. The tribunal ruled that exemption benefits can be claimed at later stages even if not initially claimed, citing SC precedent. However, the demand for 24% interest was set aside as the goods were imported in September 1995, prior to Section 28AB of Customs Act coming into effect in September 1996, and the applicable notification contained no interest provision. Appeal disposed with appellant liable for 50% duty but no CVD or interest payable. en-us Wed, 05 Mar 2025 00:00:00 +0530 Thu, 06 Mar 2025 10:09:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766960 CESTAT Kolkata held that appellant was entitled to exemption benefit under Notification 48/94-C.E. for unrecorded audio cassettes classified under tariff heading 8523.12, as the goods were fully covered by the exemption notification. The tribunal ruled that exemption benefits can be claimed at later stages even if not initially claimed, citing SC precedent. However, the demand for 24% interest was set aside as the goods were imported in September 1995, prior to Section 28AB of Customs Act coming into effect in September 1996, and the applicable notification contained no interest provision. Appeal disposed with appellant liable for 50% duty but no CVD or interest payable. Case-Laws Customs Wed, 05 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766960