https://www.taxtmi.com/caselaws?id=115349 The appeal by Jayakrishna Aluminium Ltd. involved duty-free clearance under the DEEC Scheme and non-compliance with export obligations. The Tribunal upheld duty payment but found merit in arguments regarding penalties, confiscation, and interest. The duty amount was to be reevaluated considering unaddressed export claims, penalties on the Managing Director were set aside, and the penalty on the company was maintained. The appeal was partly allowed concerning redemption fine and interest, with a fresh order required on the duty amount. The Managing Director's appeal succeeded in overturning the penalty imposed on him. en-us Wed, 27 Apr 2005 00:00:00 +0530 Sat, 26 May 2012 12:56:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=115349 The appeal by Jayakrishna Aluminium Ltd. involved duty-free clearance under the DEEC Scheme and non-compliance with export obligations. The Tribunal upheld duty payment but found merit in arguments regarding penalties, confiscation, and interest. The duty amount was to be reevaluated considering unaddressed export claims, penalties on the Managing Director were set aside, and the penalty on the company was maintained. The appeal was partly allowed concerning redemption fine and interest, with a fresh order required on the duty amount. The Managing Director's appeal succeeded in overturning the penalty imposed on him. Case-Laws Customs Wed, 27 Apr 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=115349