Interactive flat panels meeting automatic data processing conditions are distinguished from monitors, while later classification clarifications apply ...
Statutory transfer formalities invalidated alleged share and property transfers, while retrospective record manipulation constituted oppression and mi...
Provisional attachment of laundered funds and equivalent-value property sustained, with statutory protection limited to pension, gratuity and providen...
CESTAT upheld penalty liability where the appellant admitted procuring third-party shipping bills for consideration and using them to falsely show fulfilment of EPCG export obligations. The Tribunal treated the cancelled licences and EODCs as confirming the fraudulent arrangement, and held that these acts rendered the goods liable to confiscation under section 111, attracting penalty under section 112(a). It also held that knowing use of false shipping bills and related documents in customs proceedings squarely attracted section 114AA. On proportionality, however, it considered the surrounding circumstances and reduced each penalty to Rs. 50,000, finding that amount sufficient to meet the ends of justice.
CESTAT upheld penalty liability where the appellant admitted procuring third-party shipping bills for consideration and using them to falsely show fulfilment of EPCG export obligations. The Tribunal treated the cancelled licences and EODCs as confirming the fraudulent arrangement, and held that these acts rendered the goods liable to confiscation under section 111, attracting penalty under section 112(a). It also held that knowing use of false shipping bills and related documents in customs proceedings squarely attracted section 114AA. On proportionality, however, it considered the surrounding circumstances and reduced each penalty to Rs. 50,000, finding that amount sufficient to meet the ends of justice.
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