2014 (3) TMI 926 - AT - Customs

Vacation of stay order - recovery of dues - 100% EOU - clandestine removal of capital goods imported duty free for the product Cut Flower-Rose - Levy of penalty - Held that - The stay granted earlier is vacated and the Revenue is free to recover the dues adjudged against the appellant, as the appellant has not appeared before the Tribunal for final hearing inspite of service of notice. - Decided against the assessee.

Summary

The Appellate Tribunal CESTAT Mumbai vacated the stay on penalty of Rs. 50 lakhs imposed on a 100% EOU for violating Customs Act, 1962 by clandestinely removing imported capital goods duty free. The appellant did not appear for final hearing, allowing the Revenue to recover the dues.