Customs Duty Liability Imposed on Export of Synthetic Fabrics without Considering Bank Realisation Certificate: CESTAT Quashes Demand [Read Order]

By Shabna Rahim - On August 21, 2023 9:30 am - 2 mins read
Customs Duty Liability - Export of Synthetic Fabrics - Bank Realisation Certificate - CESTAT Quashes Demand - taxscan

The Kolkata bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) quashed the demand for Customs duty imposed on the export of synthetic fabrics without considering the Bank Realisation Certificate (BRC).  Prakash Ghosh, the appellant assessee had exported 12 consignments of synthetic fabrics and the assessee had utilized the benefit of the Duty Entitled…

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