NAA: Upholds profiteering on supply of printing machine imported before GST implementation

NAA upholds case of profiteering on supply of “Used Heidelberg Speed Master Offset Press with complete tools and accessories” for not passing benefit of reduction in rate of tax/additional ITC to the Applicant by commensurate price reduction; Noting the full amount of IGST paid @18% would have been available as ITC as import took place post GST, “Respondent should have reduced the base price to the extent of the CVD that was no longer to be paid as well as to the extent...