CESTAT Quashes Penalty Imposed for Confiscation of Diffused Silicon Wafer Goods On Ground of Non-Adverse Impact on Change of Classification [Read Order]

By Shabna Rahim - On August 6, 2023 9:30 pm - 2 mins read
CESTAT - CESTAT Quashes Penalty Imposed for Confiscation of Diffused Silicon Wafer - Penalty - Confiscation of Diffused Silicon Wafer - Diffused Silicon Wafer - Taxscan

The Chennai bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) quashed the penalty imposed for confiscation of diffused silicon wafer goods on the ground of non-adverse impact on change of classification.  CETC Renewable Energy Technology (India) Private Limited, the appellant assessee was a private limited company importing various capital goods from overseas,…

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