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2019 (4) TMI 1276 - AT - CustomsImposition of penalty on M/s. Libas India, Merchant Exporter - misutilisation of EOU Scheme - HELD THAT:- M/s. Libas India has played a significant role in abetting and facilitating the gross evasion of customs duty by misuse of EOU Scheme by M/s. G.N.Rubbertech Pvt. Ltd. It is seen from records that M/s. Libas India has entered into a Purchase Contract worth ₹ 1,31,58,400/- with M/s. G.N.Rubbertech Pvt. Ltd. on 07.11.2003. Records show date-wise purchase of goods from EOU and date-wise payment made through banking channels. The DRI investigations established the role played by M/s. Libas India in facilitating and abetting the evasion of customs duty by M/s. G.N.Rubbertech Pvt. Ltd. - the appellant has been rightly been penalised by the adjudicating authority. Penalty upheld - appeal dismissed.
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