https://www.taxtmi.com/caselaws?id=125352 The Appellate CESTAT, Mumbai, in a case involving mis-declaration of watches and alleged intention to claim DEPB benefit by over-invoicing, found in favor of the applicants. The judgment highlighted discrepancies in the market enquiry report, affirmed the accuracy of PMV declaration and cited supportive Board Circulars. It concluded by waiving the penalty pre-deposit of Rs. 10,00,000/- and staying recovery pending appeal disposal. An amount of Rs. 12,60,000/- was acknowledged as legitimately due to the applicants. en-us Mon, 23 Mar 2009 00:00:00 +0530 Tue, 23 Oct 2012 11:55:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=125352 The Appellate CESTAT, Mumbai, in a case involving mis-declaration of watches and alleged intention to claim DEPB benefit by over-invoicing, found in favor of the applicants. The judgment highlighted discrepancies in the market enquiry report, affirmed the accuracy of PMV declaration and cited supportive Board Circulars. It concluded by waiving the penalty pre-deposit of Rs. 10,00,000/- and staying recovery pending appeal disposal. An amount of Rs. 12,60,000/- was acknowledged as legitimately due to the applicants. Case-Laws Customs Mon, 23 Mar 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=125352