https://www.taxtmi.com/highlights?id=91912 CESTAT allowed the appeal and set aside the impugned adjudication insofar as confirmation of customs duty (charged as IGST under Section 3(7)/(9) CTA), interest, redemption fine and penalties. The Tribunal held the revenue failed to establish wilful suppression and that the demand was barred by limitation; invocation of extended limitation was unsustainable. DGFT redemption letters and closure of bonds preclude independent Customs demands absent DGFT recall and re-adjudication under FTDR Act; such demands are time-barred. In the absence of a machinery provision under Section 3(12) CTA operative at the relevant time, interest, fines and penalties could not be levied; amendment to create such machinery is prospective. Appeal allowed. en-us Tue, 26 Aug 2025 08:41:04 +0530 Tue, 26 Aug 2025 08:41:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=91912 CESTAT allowed the appeal and set aside the impugned adjudication insofar as confirmation of customs duty (charged as IGST under Section 3(7)/(9) CTA), interest, redemption fine and penalties. The Tribunal held the revenue failed to establish wilful suppression and that the demand was barred by limitation; invocation of extended limitation was unsustainable. DGFT redemption letters and closure of bonds preclude independent Customs demands absent DGFT recall and re-adjudication under FTDR Act; such demands are time-barred. In the absence of a machinery provision under Section 3(12) CTA operative at the relevant time, interest, fines and penalties could not be levied; amendment to create such machinery is prospective. Appeal allowed. Highlights Customs Tue, 26 Aug 2025 08:41:04 +0530 https://www.taxtmi.com/highlights?id=91912