https://www.taxtmi.com/article/detailed?id=14850 The piece explains that the FTP's pre-import condition linked IGST exemption to import-before-use under Advance Authorisations; the Supreme Court upheld that condition and prompted administrative procedures for reassessment and payment. A challenged demand for IGST, interest, confiscation, redemption fine and penalty was examined by the High Court, which held that circular directions to levy interest exceeded the Customs Tariff Act because Sections imposing IGST lacked express machinery for interest and penalties, and that the 2024 amendment to Section 3(12) is prospective from 16.08.2024. en-us Mon, 21 Jul 2025 08:44:27 +0530 Tue, 22 Jul 2025 14:24:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=14850 The piece explains that the FTP's pre-import condition linked IGST exemption to import-before-use under Advance Authorisations; the Supreme Court upheld that condition and prompted administrative procedures for reassessment and payment. A challenged demand for IGST, interest, confiscation, redemption fine and penalty was examined by the High Court, which held that circular directions to levy interest exceeded the Customs Tariff Act because Sections imposing IGST lacked express machinery for interest and penalties, and that the 2024 amendment to Section 3(12) is prospective from 16.08.2024. Articles Customs - Import - Export - SEZ Mon, 21 Jul 2025 08:44:27 +0530 https://www.taxtmi.com/article/detailed?id=14850