Appellate Tribunal overturns penalty for short levy of duty on computers, deems it unjustified.

The Appellate Tribunal CEGAT, Mumbai overturned the penalty of Rs. 10 lakhs imposed on the appellant for alleged short levy of duty on computers, stating it was unjustified and an attempt to override an earlier decision. The Tribunal confirmed the appellant's liability to pay duty of Rs. 434 but removed the penalty.

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The Appellate Tribunal CEGAT, Mumbai found that the penalty imposed on the appellant for alleged short levy of duty on computers was not justified. The Tribunal set aside the penalty of Rs. 10 lakhs imposed by the Commissioner, stating that it was an attempt to override the earlier decision that the extended period of limitation did not apply. The appellant's liability to pay duty of Rs. 434/- was confirmed, but the penalty was removed.

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