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Report: Herrenknecht wins EDD appeal against customs for imported Tunnel Boring Equipment & Parts
Chennai CESTAT (Customs, Excise, and Service Tax Appellate Tribunal) orders the customs to pay Extra Duty Deposit (EDD) back to Herrenknecht which were levied for the Tunnel Boring Machine and Tunnel Boring Machine parts that Herrenknecht had imported to India.
The amount to be refunded to the German company is Rs. 26,79,183.
Source for this report is Taxscan. https://www.taxscan.in/dept-must-automatically-return-edd-upon-finalizing-provisional-assessment-without-requiring-refund-application-cestat/474251/
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https://www.taxscan.in/dept-must-automatically-return-edd-upon-finalizing-provisional-assessment-without-requiring-refund-application-cestat/474251/
CESTAT: Dept Must Automatically Return EDD Upon Finalizing Provisional Assessment Without Requiring Refund Application
www.taxscan.inThe Chennai Bench of the CESTAT ruled that the refund of Extra Duty Deposit (EDD) is not subject to the limitation