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TIOL-DDT 1473 · Monday, 25 October 2010 · story 2 of 2

Import of Timber - 4% SAD - Happy End to SAD Refund?

By Vijay Kumar

PLEASE recall our stories on the subject in DDT 1445 15 09 2010 - Import of Timber - Fraudulent claim of 4% SAD by unscrupulous importers – Big Scam? And DDT 1446 – 16.09.2010 - Fraudulent Refund of 4% Refund of SAD – Import of Timber Logs – Several Skeletons in the Customs Cupboards – Refund Files recovered from CHA Office.

Now the Tribunal has almost solved this problem in favour of the assessees. The Tribunal held that it is settled law that judicial precedents would prevail over the circulars issued by the Board.

We will bring you this case tomorrow.

cited in this story

  • TIOL-DDT 1445 · 15 September 2010 — “Import of Timber - Fraudulent claim of 4% SAD by unscrupulous importers - Big Scam?”
  • TIOL-DDT 1446 · 16 September 2010 — “Fraudulent Refund of 4% Refund of SAD - Import of Timber Logs - Several Skeletons in Customs Cupboards - Refund Files recovered from CHA Office”