https://www.taxtmi.com/caselaws?id=202275 The High Court of Bombay set aside the fine, penalty, and interest imposed on the Respondent by the Customs, Excise and Service tax Appellate Tribunal due to the inability to fulfill export obligations during the global economic crisis. The Court found the Tribunal's decision lacking legal foundation and directed a re-hearing of the Appeal with principles of natural justice. The parties agreed to remand the proceedings to the Bombay Bench of the Tribunal for a fair and just reconsideration, with no order as to costs. en-us Wed, 13 Oct 2010 00:00:00 +0530 Tue, 01 Feb 2011 14:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202275 The High Court of Bombay set aside the fine, penalty, and interest imposed on the Respondent by the Customs, Excise and Service tax Appellate Tribunal due to the inability to fulfill export obligations during the global economic crisis. The Court found the Tribunal's decision lacking legal foundation and directed a re-hearing of the Appeal with principles of natural justice. The parties agreed to remand the proceedings to the Bombay Bench of the Tribunal for a fair and just reconsideration, with no order as to costs. Case-Laws Customs Wed, 13 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202275