High Court upholds extended limitation period, restores original penalty orders

The High Court of Judicature at Bombay upheld the finding on the invocation of the extended period of limitation. The Tribunal's decision to reduce the penalty under Section 11AC was set aside, and the original penalty orders were restored, requiring the penalty to be equal to the amount of duty when duty evasion is upheld.

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The High Court of Judicature at Bombay upheld the finding on the invocation of the extended period of limitation. The Tribunal cannot reduce the penalty under Section 11AC, and the penalty must be equal to the amount of duty when duty evasion is upheld. The Tribunal's decision to reduce the penalty was set aside, restoring the original penalty orders.

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