Non-Furnishing of Bond not amounts to Misdeclaration: CESTAT Chennai

Samarth Corporation Vs Commissioner of Customs (CESTAT Chennai)

In a significant ruling, the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) Chennai has delivered a judgment in favor of Samarth Corporation against the Commissioner of Customs. The core issue revolves around the non-furnishing of a bond as mandated by an amendment to a Customs notification. The tribunal’s decision addresses whether such non-compliance amounts to misdeclaration, thereby scrutinizing the implications of demands for interest an

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