“Montanide ISA 206 VG” not Classifiable as Vaccine for Veterinary Medicines: CESTAT deletes Penalty on Bharat Biotech under Customs Act [Read Order]

In a dispute, whether the imported goods should be classified as chemical products or veterinary vaccines. CESTAT rules not classifiable as veterinary vaccines
By Kavi Priya - On August 13, 2024 5:11 pm - 2 mins read
CESTAT - Customs - Bangalore - Customs Act - Bharat Biotech Vaccine - Montanide - TAXSCAN

The Bangalore Bench of Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ) held that the Montanide ISA 206 VG is not classifiable as a vaccine for veterinary medicines and the classification by the Department under CTH 30023000 was incorrect and legally untenable, thereby deleting the imposed penalty on Bharat Biotech under Section 114A…

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