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Customs - Highlights / Catch Notes

Home Highlights January 2024 Year 2024 This

100% EOU - Demand of differential customs duty on 22 looms / ...


Customs Duty Demand on Imported Looms Overturned Due to Lack of Fraudulent Intent and Fact Suppression.

January 4, 2024

Case Laws     Customs     AT

100% EOU - Demand of differential customs duty on 22 looms / Capital goods that were imported without payment of duty - The appellant has not acted with dishonest or fraudulent intent and suppression of facts is not involved. This being so, question of invoking the extended time limit or imposing penalty does not arise. - AT

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