The Customs, Excise, and Service Tax Appellate Tribunal (CESTAT), Chennai bench, while deleting a levy of Rs. 4.45 lakhs towards late fee for delay in filing of bills of entry, has held that an importer should not be penalized for delay happening due to any system-related defect.
Source Taxscan
Latest Posts in "India"
- Supreme Court: VAT Credit Cannot Be Denied Due to Supplier’s Tax Default
- Trickiest countries in which to achieve compliance
- India announces changes in the Invoice Management System
- GST: India’s Grand Federal Bargain Becomes Imperfect Political Compromise After Eight Years
- GST 2.0 Boosts Bengal’s Economy with Rate Cuts on Local Goods and Industries