https://www.taxtmi.com/caselaws?id=768980 CESTAT Kolkata dismissed Revenue's appeal regarding apportionment of sale proceeds from auctioned time-expired warehouse goods. The tribunal held that Section 150(2) of Customs Act, 1962 governs such apportionment, with freight and carrier charges having priority after auction costs. Commissioner (Appeals) correctly allowed freight expenses of Rs.74,65,099 under Section 150(2)(b) based on documentary evidence. The tribunal upheld Commissioner's power to remand matters for verification under Section 128A(3) when documentation is incomplete, rejecting respondent's challenge to remand authority. en-us Wed, 16 Apr 2025 00:00:00 +0530 Thu, 17 Apr 2025 08:37:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768980 CESTAT Kolkata dismissed Revenue's appeal regarding apportionment of sale proceeds from auctioned time-expired warehouse goods. The tribunal held that Section 150(2) of Customs Act, 1962 governs such apportionment, with freight and carrier charges having priority after auction costs. Commissioner (Appeals) correctly allowed freight expenses of Rs.74,65,099 under Section 150(2)(b) based on documentary evidence. The tribunal upheld Commissioner's power to remand matters for verification under Section 128A(3) when documentation is incomplete, rejecting respondent's challenge to remand authority. Case-Laws Customs Wed, 16 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768980