2015 (2) TMI 25 - HC - Customs

Confiscation - Valuation (Customs) - High Court admitted the appeal of assessee filed against the decision of Tribunal 2003 (12) TMI 139 - CESTAT KOLKATA on the following question of law - Whether the Learned Customs Excise & Service Tax Appellate Tribunal has exercised his discretion arbitrarily while imposing penalty and redemption fine of Rs. 2, 50, 000/- and Rs. 7, 00, 000/- respectively. However Court was not inclined to pass any interim order as this matter is pending for long time. But it expedite the hearing of the appeal.

Summary

The Calcutta High Court admitted an appeal questioning the imposition of penalty and redemption fine by the Customs Excise & Service Tax Appellate Tribunal. No interim order was passed, but the hearing was expedited. The appellant was directed to file a paper book within four weeks, and failure to do so would result in dismissal of the appeal. The application was disposed of, and all parties were instructed to act on a signed photocopy of the order.