Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
The appellant failed to submit requisite documents within stipulated time for provisional assessment under Customs Act, 1962 and Customs (Provisional Duty Assessment) Regulations, 2011 due to pending appeals on same issue. The adjudicating authority imposed Rs.10,000 penalty for procedural violations. CESTAT held Rs.10,000 penalty sufficient considering appellant's position and set aside Commissioner (Appeals)' order enhancing penalty to Rs.50,000 per Bill of Entry. Appeal allowed.
The appellant failed to submit requisite documents within stipulated time for provisional assessment under Customs Act, 1962 and Customs (Provisional Duty Assessment) Regulations, 2011 due to pending appeals on same issue. The adjudicating authority imposed Rs.10,000 penalty for procedural violations. CESTAT held Rs.10,000 penalty sufficient considering appellant's position and set aside Commissioner (Appeals)' order enhancing penalty to Rs.50,000 per Bill of Entry. Appeal allowed.
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