https://www.taxtmi.com/caselaws?id=210737 The High Court upheld the Tribunal's decision to set aside penalties imposed on the assessee for non-compliance with export obligations under the Advance Licensing Scheme. The Court found that the assessee eventually fulfilled the obligations, considering industry recession and labor issues as mitigating factors. It noted that seeking an extension for fulfilling obligations could have prevented the penalties. The Court dismissed the appeal, stating no substantial legal questions arose, and supported the Tribunal's intervention in the case. en-us Thu, 04 Aug 2011 00:00:00 +0530 Mon, 20 Feb 2012 17:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210737 The High Court upheld the Tribunal's decision to set aside penalties imposed on the assessee for non-compliance with export obligations under the Advance Licensing Scheme. The Court found that the assessee eventually fulfilled the obligations, considering industry recession and labor issues as mitigating factors. It noted that seeking an extension for fulfilling obligations could have prevented the penalties. The Court dismissed the appeal, stating no substantial legal questions arose, and supported the Tribunal's intervention in the case. Case-Laws Customs Thu, 04 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210737