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of <h1>Revenue's ROM application allowed by CESTAT for DEPB value claimed. No further reduction in redemption fine.</h1> The Appellate Tribunal CESTAT, Mumbai allowed the Revenue's ROM application against an order related to DEPB value claimed by M/s. Flamingo Overseas. The ... Rectification of mistakes – Considering the DEPB benefit and the export value of the goods, the reduction of fine and penalty would not appear to be correct – After looking over all the details tribunal order being rectified The Appellate Tribunal CESTAT, Mumbai allowed the Revenue's ROM application against an order related to DEPB value claimed by M/s. Flamingo Overseas. The Tribunal found that considering the DEPB benefit and export value of goods, no further reduction in redemption fine and penalty was necessary. The original authority's order was restored.
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