https://www.taxtmi.com/caselaws?id=206040 Concessional customs duty under the exemption notification was available only if imported crude palm oil was used for refining. Because the oil was sold in the open market, the duty and interest demand was accepted and confirmed. The Tribunal noted that duty and interest had already been paid before the show cause notice and that 25% of the penalty had been deposited within 30 days of the order-in-original. On that basis, it held that the penalty could be restricted to 25% even at the appellate stage, and reduced the penalty accordingly while leaving the duty and interest demand intact. en-us Wed, 27 Apr 2011 00:00:00 +0530 Sat, 08 Oct 2011 12:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206040 Concessional customs duty under the exemption notification was available only if imported crude palm oil was used for refining. Because the oil was sold in the open market, the duty and interest demand was accepted and confirmed. The Tribunal noted that duty and interest had already been paid before the show cause notice and that 25% of the penalty had been deposited within 30 days of the order-in-original. On that basis, it held that the penalty could be restricted to 25% even at the appellate stage, and reduced the penalty accordingly while leaving the duty and interest demand intact. Case-Laws Customs Wed, 27 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206040