Contact us   Feedback   Annual Subscription   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Extracts
Home List
← Previous Next →

2016 (9) TMI 217 - CESTAT MUMBAI

2016 (9) TMI 217 - CESTAT MUMBAI - TMI - Confiscation in lieu of redemption fine - Import of car for use by the company - appellant failed to satisfy the conditions of the Notification No.4/97-2002 dated 31/03/2001 - car provisionally released on ITC Bond - Held that:- it is found that the import of car is restricted. Anyone wishing to import a car has alternate route. The first route is to obtain a licence from the ministry of commerce and the 2nd route is to fulfill the conditions of Notificat .....

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 Shri.MK Mall, Asst. Comm. (AR), for respondent ORDER The appellant, M/s.Depe Global Shipping Agencies Pvt. Ltd. imported a car for use by the company. The import of car was restricted as per the relevant import export policy and not permitted except against a licence or in accordance with the public notice issued in this behalf. As the importer was unable to comply with the said condition and as per their request the car was provisionally released on ITC Bond pending compliance with the condit .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

dated 31/03/2001 is not applicable to them as the same is intended for the manufacture of cars. He pointed out that the clause 5 (II) (c) of the said notification required the following from the importer or dealer of motor vehicles: Whoever being an importer or dealer in motor vehicles who imports or offers to import a new vehicle into India shall, (i) At the time of importation have valid certificate of compliance as per the provisions of Rule 126 of Central Motor Vehicle Rules (CMVR), 1989, fo .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

vehicle of that model shall be allowed thereafter. He further argued that these conditions are meant for the manufacturers of motor vehicles who intend to import the prototype of motor vehicles. He argued that these conditions cannot be complied to individual who intended to import for personal use. He further pointed out that Notification No.31/97-2002 dated 14/09/2001 clarified as follows: 2. The conditions relating to import of vehicles (as classified under Chapter 87 of ITC (HS) Classificat .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| 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