Legal14 Jul 2026, 06:30 pm
PC Jeweller Wins Customs Tribunal Case on Duty Calculation
AI Summary
PC Jeweller Ltd announced that the Principal Bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT), New Delhi, has ruled in favor of the company, its Managing Director, and others. The tribunal found the allegations regarding incorrect calculation and payment of customs duty on past imported jewellery to be unfounded. These proceedings stemmed from a Directorate of Revenue Intelligence (DRI) search in December 2012. The tribunal has dropped the proceedings and granted consequential relief, marking a significant legal victory for the company.
Key Highlights
- Customs tribunal rules in favor of PC Jeweller and its MD.
- Allegations of incorrect customs duty calculation dropped.
- Proceedings initiated by DRI in 2012 are now closed.
- Company granted consequential relief from the tribunal's order.
Price Impact
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