Invalid Orders for Interest, Fines, and Penalties Under Advance Authorization; CESTAT Annuls Charges Due to Lack of Legal Basis.

1. Search Case laws by Section / Act / Rule — now available beyond Income Tax. GST and Other Laws Available

2. New: “In Favour Of” filter added in Case Laws.

Try both these filters in Case Laws →

Invalid Orders for Interest, Fines, and Penalties Under Advance Authorization; CESTAT Annuls Charges Due to Lack of Legal Basis.

X X X X Extracts X X X X

....Legal issues regarding the recovery of IGST/customs duty, interest, redemption fine, and penalty in connection with imports made under the Advance Authorization scheme. It states that while provisions exist for recovering IGST u/s 3(7) of the Customs Tariff Act, 1975, there are no specific provisions for recovering interest, fine, and penalty under the same sections. The summary cites Supreme Court judgments emphasizing that interest and penalties can only be levied if the relevant statute expressly provides for it. It concludes that the orders for recovering interest, redemption fine, and penalty in these cases are unsustainable due to the absence of specific legal provisions. Additionally, it addresses the issue of time limitation, statin.........

Contact Us At :

FAQs :

Most Asked Video Tutorials :

Submit Feedback/Suggestion :

Invalid Orders for Interest, Fines, and Penalties Under Advance Authorization; CESTAT Annuls Charges Due to Lack of Legal Basis.