Set back to Reliance Industries: CESTAT upholds Rejection of Customs Duty Refund claim of Approx. 4 crores on Clearance of Crude Petroleum Oil on ground of Short Payment of Customs Duty

Set back - Reliance Industries-CESTAT - Rejection of Customs Duty Refund - Clearance of Crude Petroleum Oil - Short Payment - Customs Duty-TAXSCAN

The Ahmedabad bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) upheld the rejection of a customs duty refund claim of approximately 4 crores on the clearance of crude petroleum oil on the grounds of short payment of Customs duty.  Reliance Industries Limited, the appellant assessee had imported a consignment of crude petroleum…

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