https://www.taxtmi.com/caselaws?id=153653 Filing a DEPB shipping bill without declaring that the exporter was a 100% Export Oriented Unit was treated as a contravention of the statutory declaration requirements under the Customs and foreign trade framework. The absence of admissible DEPB credit was not in dispute; the only question was penalty. Disclosure in the AR-4 form was held insufficient to cure the breach, so penalty was found leviable. On the facts and circumstances, however, the penalty was moderated and reduced. en-us Wed, 05 Aug 2009 00:00:00 +0530 Fri, 26 Jul 2013 14:07:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=153653 Filing a DEPB shipping bill without declaring that the exporter was a 100% Export Oriented Unit was treated as a contravention of the statutory declaration requirements under the Customs and foreign trade framework. The absence of admissible DEPB credit was not in dispute; the only question was penalty. Disclosure in the AR-4 form was held insufficient to cure the breach, so penalty was found leviable. On the facts and circumstances, however, the penalty was moderated and reduced. Case-Laws Customs Wed, 05 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=153653