CENEX UPDATE 15-06-2020

CX - Clandestine removal - No demand can be sustained solely on the basis of privately maintained, third party records: CESTAT

ST - Amount received by assessee from its customers on account of delayed payment charges is not to be considered as provision of service & such amount is not includible in value of taxable service: CESTAT

Cus - In circumstances of declared classification, denial by customs authorities shifts the burden on to them for justifying alternative classification and, in absence of valid reasons, declared classification is to be restored: CESTAT