Endorsement on bill of entry amount to raising demand under customs law and not mere a provisional assessment

Brief of the case: The Hon’ble Supreme Court in the case of M/s Swastika Enterprise held that the endorsement on the bill of entry to pay additional customs duty is a demand and not mere a provisional assessment. Thus, the duty payable due to such endorsement can be settled as settlement of demand under indirect taxes demand settlement scheme. Facts of the case: The assessee imported old ships and filed a bill entry for clearance of the same form the port of import.In the bill of entry, it claimed exemption from the payment of ‘additional customs duty’ under an exemption notificatio...