Navigating Penalties and Interest: Exploring Limits and Authority in the Mahindra & Mahindra Case

CA Yash Shah | Last updated: 28 August 2023

Save Share

Quick Summary

The Supreme Court has ruled on the complexities of levying interest and penalties on customs duties, specifically in the Mahindra & Mahindra case. The court denied a Special Leave Petition, reinforcing the importance of legislative requirements for taxes. This decision impacts how additional customs duties, SAD, and surcharges are handled, potentially leading to refunds and a re-evaluation of IGST levies.

Introduction The Honorable Supreme Court has ruled on interest leviability on customs duties and their complexities. In a precise judgment, the Supreme Court decided a dispute involving interest and penalties on additional customs duties. This judgment affects enterprises, revenue departments, an

Daily Limit Reached

You have reached your daily limit of 2 Free Articles

Subscribe to CCI PRO for unlimited access

Why Upgrade to CCI PRO?

No Ads
WhatsApp Community
Daily E-Newsletter
Unlimited Articles Access
Profile Visitors
Link Social Profiles
Featured Job Posts
Pro Badge
Expert GST Guidance
Unlimited Forum Replies
Download Content in PDF

BEST VALUE

2 YEAR PLAN

3,499

(Excl. of GST ₹629)

1 YEAR PLAN

1,999

(Excl. of GST ₹359)

3 MONTHS PLAN

999

(Excl of GST ₹179)

View all CCI PRO benfits

Already a PRO member? Login here for an ad-free experience.

2570 Views Comment Share Income Tax Report

About the Author

CA Yash Shah

Partner Designate

Qualified as a Chartered Accountant in the year 2017. He is Partner Designate at Hiregange Associates LLP and currently heads the Ahmedabad Branch of the firm. He has work experience of over 4 years of working with MNC in the Indirect Tax and Compliance Department . He has written articles on various topics across onl ... Read more

View Articles

Comments :