![No Confiscated Goods and No Fake Invoices: CESTAT Sets Aside Penalty on Director Under Rule 26 [Read Order]](https://images.taxscan.in/h-upload/2025/10/24/500x300_2099684-cestat-delhi-penalty-taxscan.webp "No Confiscated Goods and No Fake Invoices: CESTAT Sets Aside Penalty on Director Under Rule 26 [Read Order]")
No Confiscated Goods and No Fake Invoices: CESTAT Sets Aside Penalty on Director Under Rule 26 [Read Order]
The Principal bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) set aside the penalty imposed on the Director of a company, ...
![Customs Dept has No Power to Merge Shipping Bills u/s 50 and 51 for Duty Assessment: CESTAT Sets Aside ₹55 Crore Export Duty Demand [Read Order]](https://images.taxscan.in/h-upload/2025/10/24/250x150_2099690-customs-dept-duty-assessment-cestat-export-duty-demand-export-duty-taxscan.webp "Customs Dept has No Power to Merge Shipping Bills u/s 50 and 51 for Duty Assessment: CESTAT Sets Aside ₹55 Crore Export Duty Demand [Read Order]")
![Pre-SCN Penalty Deposit Can’t Be Reappropriated as Duty: CESTAT Upholds ₹5.32 Crore Excise Duty Demand [Read Order]](https://images.taxscan.in/h-upload/2025/10/24/250x150_2099658-pre-show-cause-notice-taxscan.webp "Pre-SCN Penalty Deposit Can’t Be Reappropriated as Duty: CESTAT Upholds ₹5.32 Crore Excise Duty Demand [Read Order]")
![Auto Parts Maker’s Dies and Maintenance Expenses are Revenue in Nature: ITAT dismisses Revenue’s Appeal [Read Order]](https://images.taxscan.in/h-upload/2025/10/24/250x150_2099649-auto-parts-maintenance-expenses-revenue-itat-taxscan.webp "Auto Parts Maker’s Dies and Maintenance Expenses are Revenue in Nature: ITAT dismisses Revenue’s Appeal [Read Order]")
![Profit Estimation Capped at 1.5%: ITAT Recognises Assessee as Livestock Transporter [Read Order]](https://images.taxscan.in/h-upload/2025/10/24/250x150_2099666-profit-profit-estimation-itat-recognises-assessee-pune-bench-livestock-transporter-taxscan.webp "Profit Estimation Capped at 1.5%: ITAT Recognises Assessee as Livestock Transporter [Read Order]")
NRIs May Soon Update or Reverify KYC Without India Visit: SEBI Proposes Geo-Tagging in Securities Market Process [Read Circular]
In a move to ease compliance requirements for Non-Resident Indians (NRIs), the Securities and Exchange Board of India (SEBI) has proposed a relaxation in the "Know Your Customer (KYC) verification...
![NRIs May Soon Update or Reverify KYC Without India Visit: SEBI Proposes Geo-Tagging in Securities Market Process [Read Circular]](https://images.taxscan.in/h-upload/2025/10/24/500x300_2099659-sebi-nris-may-soon-update-taxscan.webp "NRIs May Soon Update or Reverify KYC Without India Visit: SEBI Proposes Geo-Tagging in Securities Market Process [Read Circular]")
Reassessment Notice issued After April 1, 2021 Barred by Limitation: ITAT quashes Notice u/s of 148 Income Tax Act [Read Order]
The Bench of the Income Tax Appellate Tribunal, Delhi, held that reassessment notices issued on or after April 1, 2021, for Assessment Year (A.Y.) 2015-16 are barred by limitation and must be...
![Reassessment Notice issued After April 1, 2021 Barred by Limitation: ITAT quashes Notice u/s of 148 Income Tax Act [Read Order]](https://images.taxscan.in/h-upload/2025/10/24/500x300_2099648-itat-delhi-reassessment-notice-taxscan.webp "Reassessment Notice issued After April 1, 2021 Barred by Limitation: ITAT quashes Notice u/s of 148 Income Tax Act [Read Order]")
Notional Cost of Specifications Provided by Maruti Suzuki Deemed “Buyer’s Assist”: CESTAT Quashes Excise Duty Demand on Vendor [Read Order]
The Principal bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Delhi held that specifications provided free of cost by Maruti Suzuki to its vendor are merely “buyer’s...
![Notional Cost of Specifications Provided by Maruti Suzuki Deemed “Buyer’s Assist”: CESTAT Quashes Excise Duty Demand on Vendor [Read Order]](https://images.taxscan.in/h-upload/2025/10/24/500x300_2099643-maruti-suzuki-cestat-cestat-quashes-excise-duty-demand-excise-duty-demand-on-vendor-taxscan.webp "Notional Cost of Specifications Provided by Maruti Suzuki Deemed “Buyer’s Assist”: CESTAT Quashes Excise Duty Demand on Vendor [Read Order]")
Transaction Value Rejected on Accuracy, Duty on Copper Scrap Re-assessed Based on Similar Imports: CESTAT Upholds Customs Valuation [Read Order]
The Delhi bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) held that transaction values can be rejected if a reasonable doubt exists, and the duty on copper scrap was...
![Transaction Value Rejected on Accuracy, Duty on Copper Scrap Re-assessed Based on Similar Imports: CESTAT Upholds Customs Valuation [Read Order]](https://images.taxscan.in/h-upload/2025/10/24/500x300_2099638-copper-scrap-cestat-customs-valuation-taxscan.webp "Transaction Value Rejected on Accuracy, Duty on Copper Scrap Re-assessed Based on Similar Imports: CESTAT Upholds Customs Valuation [Read Order]")
No Evidence of Wilful Misstatement in SCN to Invoke Extended Limitation u/s 11A: CESTAT Set Aside Rs. 4.84 Lakh Duty Demand [Read Order]
The Principal Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Delhi recently set aside a Rs. 4.84 lakh central excise duty demand, holding that the department could not...
![No Evidence of Wilful Misstatement in SCN to Invoke Extended Limitation u/s 11A: CESTAT Set Aside Rs. 4.84 Lakh Duty Demand [Read Order]](https://images.taxscan.in/h-upload/2025/10/24/500x300_2099632-scn-cestat-lakh-duty-demand-taxscan.webp "No Evidence of Wilful Misstatement in SCN to Invoke Extended Limitation u/s 11A: CESTAT Set Aside Rs. 4.84 Lakh Duty Demand [Read Order]")
Discovery During Audit Alone Does Not Justify Extended Limitation u/s11A: CESTAT Sets Aside Cenvat Credit Demand and Penalty of Rs. 1.81 Crore [Read Order]
The Principal bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Delhi held that mere discovery of wrongly availed Cenvat credit during audit does not justify invoking the...
![Discovery During Audit Alone Does Not Justify Extended Limitation u/s11A: CESTAT Sets Aside Cenvat Credit Demand and Penalty of Rs. 1.81 Crore [Read Order]](https://images.taxscan.in/h-upload/2025/10/24/500x300_2099629-cenvat-credit-demand-penalty-discovery-during-audit-taxscan.webp "Discovery During Audit Alone Does Not Justify Extended Limitation u/s11A: CESTAT Sets Aside Cenvat Credit Demand and Penalty of Rs. 1.81 Crore [Read Order]")
