CENEX UPDATE – 11.10.2020

CX - In view of the lack of evidence of physical dealing by appellant of the impugned goods allegedly removed without payment of duty, penalty is not imposable u/r 209A of CER, 1944: CESTAT

ST - Insurance service provided by the Deposit Insurance Corporation to banks is input service - CENVAT credit of service tax paid such service can be availed by banks: CESTAT

Cus - Department cannot reclassify the goods unilaterally on the basis of the examination report of officers alone and by ignoring pre-shipment inspection certificate: CESTAT