https://www.taxtmi.com/caselaws?id=78383 The Court set aside the orders imposing fiscal penalties for under-invoicing items imported against a Value Based Advance Licence (VBAL). It found that the Petitioner had fulfilled the export obligation and that the penalties exceeded authorized limits due to jurisdictional issues. The Court also criticized the violation of natural justice principles, including the denial of an adjournment and failure to consider financial difficulties affecting document submission. Ultimately, the Court ruled in favor of the Petitioner, granting the writ petition and awarding costs. en-us Fri, 19 Mar 2010 00:00:00 +0530 Mon, 15 Nov 2010 11:22:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=78383 The Court set aside the orders imposing fiscal penalties for under-invoicing items imported against a Value Based Advance Licence (VBAL). It found that the Petitioner had fulfilled the export obligation and that the penalties exceeded authorized limits due to jurisdictional issues. The Court also criticized the violation of natural justice principles, including the denial of an adjournment and failure to consider financial difficulties affecting document submission. Ultimately, the Court ruled in favor of the Petitioner, granting the writ petition and awarding costs. Case-Laws Customs Fri, 19 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=78383