The Central Board of Indirect Taxes and Customs (CBIC) has written a letter to the Directorate of Revenue Intelligence (DRI) while issuing the advisory in respect of the recent Judgement of the Apex court in the case of M/s Canon India Private Limited.
“The matter has been examined in light of the clarifications received from your office vide letter dated 15.04.2021. Since there is a possibility of multiple interpretations, the matter needs to be examined further in consultation with the Ministry of Law and Justice,” the CBIC wrote.
However, since DRI has indicated that several cases may be barred by the limitation of time at an early date, as a matter of abundant precaution, the SCNs may be issued by Deputy Commissioner/Assistant Commissioner of the concerned port of Import and be made answerable to them, pending further clarification.
It may also be mentioned in this context that further action in respect of the said SCNs will be governed by Board’s Instruction 04/2021 Customs dated March 17, 2021.
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