Subscription   Feedback   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Articles Highlights TMI Notes SMS News Newsletters Calendar Imp. Links Database Experts Contact us More....
Extracts
Home List
← Previous Next →

Tata Iron & Steel Co. Ltd. Versus Commissioner of C. Ex. & Customs

2016 (2) TMI 852 - SUPREME COURT

Valuation of import of equipment - On the basis of this parroted determination of derived value of the imported equipments, the CESTAT further purported to hold that there was alleged undervaluation of the imported equipments by the appellant and, he .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

STAT on merits is concerned, we do not find any fault therein. However, at the same time, we are also of the view that there may be some dispute about the actual value to the extent to which there was under-valuation of the imported equipments. The p .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

t the ends of justice would be sub-served by reducing the said price to DM 17 million. - Decided partly in favor of assessee. - Civil Appeal No. 4433 of 2006 with C.A. No. 2815 of 2007 - Dated:- 17-9-2015 - A.K. Sikri and Rohinton Fali Nariman, JJ. S .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

na Prasad, Advocates, for the Appearing Parties. ORDER Civil Appeal No. 4433 of 2006 : The appellant has filed the present appeal under Section 130E of the Customs Act, 1962 (hereinafter referred to as the Act ) challenging the Final Order dated July .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

passed in Civil Appeal No. 96 of 1998 [The Tata Iron & Steel Co. Ltd. v. Commissioner of Central Excise & Customs, 2000 (3) SCC 472 = 2000 (116) E.L.T. 422 (S.C.)], whereby CESTAT, in spite of arriving at the categorical finding that there wa .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

hat was declared and directed the Adjudicating Authority to adopt the said derived value and determine the customs duties payable and consequently the differential duty to be demanded and recovered from the appellant in respect of the subject importe .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

able to confiscation but was to be allowed to be redeemed on payment of redemption fine of ₹ 2 crores, reduced from ₹ 6.5 crores imposed by the Adjudicating Authority. The CESTAT further imposed a penalty of ₹ 1 crore upon the appel .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

what is new what is new
  ↓     bird's eye view     ↓  


|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version