https://www.taxtmi.com/caselaws?id=771013 The SC/Tribunal ruled in favor of the appellant in a customs duty case involving imported scrap. The court absolved the appellant of duty, interest, and penalty based on precedent, finding no distinguishing facts from a prior case. The tribunal held that reassessment after initial assessment's finality was impermissible, no additional duty was payable on scrap, and the Section 112(b) penalty was unsustainable. The decision emphasized consistency and legal principles in customs valuation. en-us Tue, 25 Mar 2025 00:00:00 +0530 Tue, 20 May 2025 08:53:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771013 The SC/Tribunal ruled in favor of the appellant in a customs duty case involving imported scrap. The court absolved the appellant of duty, interest, and penalty based on precedent, finding no distinguishing facts from a prior case. The tribunal held that reassessment after initial assessment's finality was impermissible, no additional duty was payable on scrap, and the Section 112(b) penalty was unsustainable. The decision emphasized consistency and legal principles in customs valuation. Case-Laws Customs Tue, 25 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771013