EOU Accused of Misaccounting Imports Avoids Penalty Due to Lack of Specific Charges and Section 72 Invocation.
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....100% EOU - Improper accounting of the imported materials - Relevant provision of Section 72 was not invoked and there was no charge or SCN in support of such demand; assessee cannot be asked to answer the charge, which is not specifically raised - HC....


TaxTMI
TaxTMI