Appellate Tribunal lifts stay on Rs. 50 lakhs penalty for Customs Act violation by 100% EOU. The Appellate Tribunal CESTAT Mumbai vacated the stay on penalty of Rs. 50 lakhs imposed on a 100% EOU for violating the Customs Act, 1962. The ...
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Appellate Tribunal lifts stay on Rs. 50 lakhs penalty for Customs Act violation by 100% EOU.
The Appellate Tribunal CESTAT Mumbai vacated the stay on penalty of Rs. 50 lakhs imposed on a 100% EOU for violating the Customs Act, 1962. The appellant's failure to appear for the final hearing resulted in the Revenue being allowed to recover the dues.
The Appellate Tribunal CESTAT Mumbai vacated the stay on penalty of Rs. 50 lakhs imposed on a 100% EOU for violating Customs Act, 1962 by clandestinely removing imported capital goods duty free. The appellant did not appear for final hearing, allowing the Revenue to recover the dues.
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