CESTAT partially allowed the appeal, reducing penalty under ...

Importers Win Partial Relief: Penalty Slashed by Half Under Section 112(a), Section 114AA Penalty Nullified

May 21, 2025

Case Laws Customs AT

CESTAT partially allowed the appeal, reducing penalty under section 112(a) from Rs. 10,00,000/- to Rs. 5,00,000/- and setting aside penalty under section 114AA. The redemption fine of Rs. 10,00,000/- remained unchanged. The tribunal found section 114AA inapplicable due to non-retrospective effect, as the original documents were filed before the section's introduction in 2006. The core findings affirmed the original order's substantive elements while providing partial relief to the appellant through reduced penalties.

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CESTAT partially allowed the appeal, reducing penalty under ...

Importers Win Partial Relief: Penalty Slashed by Half Under Section 112(a), Section 114AA Penalty Nullified

May 21, 2025

Case Laws Customs AT

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