https://www.taxtmi.com/news?id=38278 The legal dispute centers on whether a retrospective customs assessment is time-barred under limitation, with Customs arguing that permitting a limitation defence would set a precedent encouraging importers to withhold or mischaracterise shipment information. Customs alleges the company misclassified automobile components as individual parts instead of CKD units and provided misleading data, while the company contends prior clearances and longstanding payment under the parts classification render a belated demand unfair. The court will first decide the limitation issue. en-us Sun, 23 Mar 2025 20:16:02 +0530 Sun, 23 Mar 2025 20:16:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=38278 The legal dispute centers on whether a retrospective customs assessment is time-barred under limitation, with Customs arguing that permitting a limitation defence would set a precedent encouraging importers to withhold or mischaracterise shipment information. Customs alleges the company misclassified automobile components as individual parts instead of CKD units and provided misleading data, while the company contends prior clearances and longstanding payment under the parts classification render a belated demand unfair. The court will first decide the limitation issue. News - Sun, 23 Mar 2025 20:16:02 +0530 https://www.taxtmi.com/news?id=38278