Relief for One97: CESTAT Rules Paytm Soundbox is a 2G Device Not 4G/LTE Compliant, Quashes Customs Duty Demand

The CESTAT has ruled that the "Paytm Soundbox is a 2G device, not 4G/LTE compliant," and has quashed a customs duty demand against One97 (Paytm). The tribunal's decision provides significant relief to the company and clarifies the classification of the device. The ruling reinforces the principle that a product should be classified based on its actual specifications. This judgment is a crucial precedent for other companies importing similar devices.