Reduction in penalty imposed - Validity of order passed by ...
High Court Criticizes CESTAT for Unjustified Penalty Reduction from Rs. 1.75 Crores to Rs. 12 Lakhs Without Clear Reasons.
February 9, 2015
Case Laws Customs HC
Reduction in penalty imposed - Validity of order passed by CESTAT - The maximum possible penalty was ₹ 15.30 crores but the adjudicating authority imposed a total penalty of ₹ 1.75 crores. The CESTAT has reduced penalty to ₹ 12 lacs without assigning any clear and cogent reasons much less reference to any relevant facts or law. - HC
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