https://www.taxtmi.com/caselaws?id=54141 The Tribunal ruled in favor of the appellants, overturning the Order-in-Original (OIO) and rejecting the Revenue's demand for duty, interest, and penalty. It concluded that the appellants correctly classified the exported goods under the DEPB scheme and found no suppression of facts. The Tribunal emphasized that the Customs authorities lacked jurisdiction to alter DEPB credit, which is under the purview of DGFT authorities. Consequently, the Tribunal set aside the demands and provided consequential relief to the appellants, underscoring the jurisdictional boundaries and the non-retrospective application of DGFT clarifications. en-us Mon, 04 Apr 2005 00:00:00 +0530 Sat, 18 May 2024 12:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54141 The Tribunal ruled in favor of the appellants, overturning the Order-in-Original (OIO) and rejecting the Revenue's demand for duty, interest, and penalty. It concluded that the appellants correctly classified the exported goods under the DEPB scheme and found no suppression of facts. The Tribunal emphasized that the Customs authorities lacked jurisdiction to alter DEPB credit, which is under the purview of DGFT authorities. Consequently, the Tribunal set aside the demands and provided consequential relief to the appellants, underscoring the jurisdictional boundaries and the non-retrospective application of DGFT clarifications. Case-Laws Customs Mon, 04 Apr 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54141