Appellate Tribunal CESTAT Chennai Waives Penalty, Grants Stay on Recovery

The Appellate Tribunal CESTAT, Chennai ruled in favor of the appellant, waiving the penalty of Rs. 50,000 imposed by the Commissioner of Customs due to the invalidity of the statement. The tribunal also granted a stay of recovery for the appellant.

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The Appellate Tribunal CESTAT, Chennai ruled in favor of the appellant, waiving the penalty of Rs. 50,000 imposed by the Commissioner of Customs. The penalty was based on a statement not signed by the Superintendent of Customs, making it invalid in law. The tribunal granted a stay of recovery for the appellant.

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