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2013 (10) TMI 1257 - CESTAT CHENNAIClassification of Goods – import of silver, and gold coins and medallions - appellant claim that these are classifiable under Chapter Heading 71.08 covered by Notification No.62/04 dt. 12.5.04 - Revenue was of the view that it has numismatic value and classifiable under Chapter 97.05 - Waiver of Pre-deposit - Held that:- The main contention of the applicant is that they imported large quantity specially ordered and freshly minted in Germany for commemorating events or distribution during celebration - the manufacturer and supplier confirmed that they have manufactured against order and such goods have no numismatic value - the evidences would be appreciated at the time of appeal hearing - ICICI Bank Ltd. imported silver, gold coins on behalf of applicant - It is seen that whatever the quantity imported through ICICI Bank Ltd., they have deposited the entire amount - Considering the amount paid by the applicant and prima facie case, we direct the applicant to deposit further amount - Upon such deposit, the predeposit of balance duty along with interest and penalty in respect of this applicant as also in respect of other applicants shall stand waived and recovery is stayed during pendency of appeals – Partial stay granted.
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