#Self-Assessment

CESTAT Chennai rules that importers can rectify inadvertent errors in self-assessed Bills of Entry under Section 149 of the Customs Act, enabling refund claims under Section 27. This decision clarifies that non-claim of exemption notifications at the time of assessment does not bar subsequent corrections, offering relief to businesses facing duty overpayment due to oversight.

CESTAT Allahabad rules that self-assessed and declared service tax liabilities in ST-3 returns preclude issuance of show cause notices under Section 73(1) of the Finance Act, 1994. The tribunal quashed the demand and penalty, reinforcing the finality of self-assessment for tax compliance.

CESTAT Allahabad rules that electricity supplied through diesel generating sets constitutes a sale of goods, not a taxable service under the Finance Act. The tribunal also holds that extended limitation under Section 73 cannot be invoked without proof of wilful suppression, impacting service tax assessments for commercial property lessors.

Customs Appellate Tribunal holds that mere misclassification of goods without fraud or willful suppression does not justify penalty under Section 114A of the Customs Act.