2013 (1) TMI 418 - AT - Customs

Penalty orders Rs. 50, 000/- set aside - revenue appeal - Held that - As decided in Stovec Industries Limited case 2013 (1) TMI 72 - GUJARAT HIGH COURT & Circular No. 390/Misc/163/2010-JC dated 20.10.2010 issued by CBEC directs the lower authorities not to file an appeal where the duty and/ or penalty amount is less than Rs. One lakh - I dismiss the appeal filed by the Revenue.

Summary

The Appellate Tribunal CESTAT Ahmedabad dismissed the appeal filed by the Revenue as the penalty imposed on the respondent assessee was set aside by the first appellate authority and was less than Rs. 50,000 as per Circular No. 390/Misc/163/2010-JC dated 20.10.2010.