Demand for IGST on ‘lithium-ion batteries’ @18% confirmed: CESTAT Chennai

Flextronics Technology India Pvt. Ltd. Vs Commissioner of Customs (CESTAT Chennai) CESTAT Chennai held that demand for IGST on ‘lithium-ion batteries’ at the rate of 18%, however, demand for interest set aside since section 3(12) of the Customs Tariff Act incorporated interest only with effect from 16.08.2024. Facts- M/s. Flextronics is engaged in the manufacture of cellular mobile phones and imports various parts and components. Department Audit found that during the period 26.7.2018 to 31.8.2018, IGST was discharged @12% for “lithium-ion batteries”. Since Sl. No. 376AA of Schedule �...