![Concealment of Foreign currency: CESTAT sets aside Penalty u/s 114 of Customs Act in Absence of Evidence other than Statement of Co-accused [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Concealment-of-Foreign-currency-site-image-1.jpg "Concealment of Foreign currency: CESTAT sets aside Penalty u/s 114 of Customs Act in Absence of Evidence other than Statement of Co-accused [Read Order]")
Concealment of Foreign currency: CESTAT sets aside Penalty u/s 114 of Customs Act in Absence of Evidence other than Statement of Co-accused [Read Order]
In the case of concealment of foreign currency, the Bangalore Bench of the Customs, Excise and Service Tax Appellate Tribunal(CESTAT) set aside...
![No recovery of Credit from first stage dealer: CESTAT quashes Excise Duty Demand [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/CESTAT-Decision-on-Excise-Duty-CESTAT-Excise-Duty-Demand-First-Stage-Dealer-taxscan.jpg "No recovery of Credit from first stage dealer: CESTAT quashes Excise Duty Demand [Read Order]")
![Appeal abates once CIRP is initiated, IRP appointed and Resolution Plan is approved: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/CIRP-Initiation-Impact-on-Appeals-Appeal-CIRP-IRP-Resolution-Plan-CESTAT-taxscan.jpeg "Appeal abates once CIRP is initiated, IRP appointed and Resolution Plan is approved: CESTAT [Read Order]")
![Rejection of Refund Claim of Excess Customs Duty: CESTAT upholds ITATs Order for Reassessment of Bill of Entry [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/CESTAT-Refund-Claim-of-Excess-Customs-Duty-Reassessment-of-Bill-of-Entry-itat-taxscan.jpg "Rejection of Refund Claim of Excess Customs Duty: CESTAT upholds ITATs Order for Reassessment of Bill of Entry [Read Order]")
![Setback to MTR Foods: CESTAT rules “Badam Milk Drink-Ready to Drink” classifiable under Beverages containing Milk, attracts 30% Customs Duty [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/MTR-Foods-CESTAT-Badam-Milk-Drink-Ready-to-Drink-Beverages-Milk-taxscan.jpg "Setback to MTR Foods: CESTAT rules “Badam Milk Drink-Ready to Drink” classifiable under Beverages containing Milk, attracts 30% Customs Duty [Read Order]")
Charges of know-how Agreement not required to be added to assessable Value of Imported Goods in terms of Customs Valuation Rules: CESTAT rules in favour of India Oil Corporation [Read Order]
The Bangalore Bench of the Customs, Excise and Service Tax Appellate Tribunal(CESTAT) in the case of M/s. Indian Oil Corporation Ltd observed that Charges of Know How agreement are not required to be...
![Charges of know-how Agreement not required to be added to assessable Value of Imported Goods in terms of Customs Valuation Rules: CESTAT rules in favour of India Oil Corporation [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Charges-of-Know-How-Agreement-Required-Assessable-Value-Imported-Goods-Customs-Valuation-Rules-CESTAT-Rules-India-Oil-Corporation-TAXSCAN.jpg "Charges of know-how Agreement not required to be added to assessable Value of Imported Goods in terms of Customs Valuation Rules: CESTAT rules in favour of India Oil Corporation [Read Order]")
Validity of Appropriation of Amount from total Refund of Excise Duty: CESTAT Remands Matter for Scrutinize [Read Order]
The Bangalore bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) remanded the matter to the Commissioner to scrutinize the validity of the appropriation of the amount from the...
![Validity of Appropriation of Amount from total Refund of Excise Duty: CESTAT Remands Matter for Scrutinize [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Excise-duty-refund-CESTAT-Bangalore-Appropriation-of-amount-CESTAT-remand-Commissioner-scrutiny-taxscan.jpg "Validity of Appropriation of Amount from total Refund of Excise Duty: CESTAT Remands Matter for Scrutinize [Read Order]")
Penalty u/s 114 A of Customs Act, Person Liable to Duty would be Liable to Penalty Equal to Duty: CESTAT rules in Favour of IBM [Read Order]
In the case of IBM India Pvt Ltd, the Bangalore bench of the Customs, Excise and Service Tax Appellate Tribunal(CESTAT) has held that Penalty under section 114 A of the Customs Act, 1962 would be...
![Penalty u/s 114 A of Customs Act, Person Liable to Duty would be Liable to Penalty Equal to Duty: CESTAT rules in Favour of IBM [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/CESTAT-IBM-Customs-Act-Customs-Excise-TAXSCAN.jpg "Penalty u/s 114 A of Customs Act, Person Liable to Duty would be Liable to Penalty Equal to Duty: CESTAT rules in Favour of IBM [Read Order]")
Automatic Voltage Regulators classifiable under Electrical Transformers, Static Convertors, attracts 20% Duty: CESTAT [Read Order]
The Bangalore Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), ruled that Automatic Voltage Regulators classifiable under Electrical Transformers, Static Convertors and it...
![Automatic Voltage Regulators classifiable under Electrical Transformers, Static Convertors, attracts 20% Duty: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/site-img-27.jpg "Automatic Voltage Regulators classifiable under Electrical Transformers, Static Convertors, attracts 20% Duty: CESTAT [Read Order]")
No proof of Mala Fide and Wilful Misrepresentation by Customs Broker: CESTAT sets aside Penalty [Read Order]
The Bangalore Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) set aside penalty as there was no proof of mala fide and wilful misrepresentation by customs broker. During...
![No proof of Mala Fide and Wilful Misrepresentation by Customs Broker: CESTAT sets aside Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Mala-Fide-and-Wilful-Misrepresentation-Customs-Broker-CESTAT-Penalty-CESTAT-sets-aside-Penalty-taxscan.jpg "No proof of Mala Fide and Wilful Misrepresentation by Customs Broker: CESTAT sets aside Penalty [Read Order]")
Transfer of Credit in case of Closure of factory is permissible in terms of Rule 10 of CCR 2009: CESTAT [Read Order]
The Bangalore bench of the Customs Excise and Service Tax Appellate Tribunal (CESTAT) held that the transfer of credit in case of closure of a factory is permissible in terms of Rule 10 of Cenvat...
![Transfer of Credit in case of Closure of factory is permissible in terms of Rule 10 of CCR 2009: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/ghjk.jpg "Transfer of Credit in case of Closure of factory is permissible in terms of Rule 10 of CCR 2009: CESTAT [Read Order]")
Smarta Immobiliser Is only a Security Device to Prevent Vehicle Theft and are Classifiable as a Part and Accessories of Motor Vehicle: CESTAT [Read Order]
The Bangalore bench of the Customs, Excise & Service Tax Appellate Tribunal(CESTAT) has held that Smarta Immobiliser Is only a security device to prevent vehicle theft and are classifiable ...
![Smarta Immobiliser Is only a Security Device to Prevent Vehicle Theft and are Classifiable as a Part and Accessories of Motor Vehicle: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/site-img-11.jpg "Smarta Immobiliser Is only a Security Device to Prevent Vehicle Theft and are Classifiable as a Part and Accessories of Motor Vehicle: CESTAT [Read Order]")