LiveLaw

'n-Hexane' Not 'Motor Spirt' For Customs Duty : Supreme Court Dismisses Revenue Appeal Against Reliance Industries

The Supreme Court has observed that the imported product 'n-hexane', mainly used in making chemicals or extracting vegetable ...
Tax Guru

CESTAT Deletes Customs Broker Penalty as Misclassification Not Amounts to Misdeclaration

CESTAT Delhi held that incorrect classification or self-assessment of imported goods does not automatically constitute misdeclaration under the Customs Act. The Tribunal set aside penalties imposed on ...
Business Line

CESTAT rules in favour of MRPL in ₹212.53 cr Customs Duty case

The Customs Excise and Service Tax Appellate Tribunal (CESTAT) has ruled in favour of Mangalore Refinery and Petrochemicals Ltd (MRPL), making the company eligible for a refund of Customs Duty ...

SC rules exxsol hexane a pure hydrocarbon, duty cut to 2.5%

The Supreme Court has ruled that exxsol hexane is a pure hydrocarbon. This decision means imported exxsol hexane will attract a lower customs duty of 2.5 percent. Previously, customs officials wanted ...

Understanding Duty Taxes: Imports, Exports, and Practical Examples

Learn what duty taxes are, how they're applied to imports and exports, and explore examples. Understand their significance in global trade and commerce.