TMI BlogPenalty of Rs. 10,000 upheld for procedural lapses in provisional assessment under Customs Act.A penalty of Rs. 10,000 was upheld against an appellant for failing to submit necessary documents within the required timeframe for provisional assessment under the Customs Act, 1962, and related regulations. The delay was due to pending appeals on the same issue. The adjudicating authority imposed the penalty for procedural violations. The Customs, Excise and Service Tax Appellate Tribunal (CESTAT) deemed the Rs. 10,000 penalty sufficient, overturning the Commissioner (Appeals)' decision to increase the penalty to Rs. 50,000 per Bill of Entry. The appeal was allowed in favor of the appellant. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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