https://www.taxtmi.com/caselaws?id=216261 The Tribunal upheld the duty liability and interest payment obligations on the appellants for failing to meet the export obligation as per Notification No. 30/97-Cus., dated 1-4-1997. The penalty imposed by the adjudicating authority was reduced from Rs. 4 lakhs to Rs. 1 lakh due to the appellants exceeding the export obligation in value but falling short in quantity. The Tribunal found no evidence of diversion of imported goods for other purposes, leading to the penalty reduction. The decision maintained duty liability and interest payment while modifying the penalty amount. en-us Thu, 23 Sep 2010 00:00:00 +0530 Tue, 04 Sep 2012 17:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216261 The Tribunal upheld the duty liability and interest payment obligations on the appellants for failing to meet the export obligation as per Notification No. 30/97-Cus., dated 1-4-1997. The penalty imposed by the adjudicating authority was reduced from Rs. 4 lakhs to Rs. 1 lakh due to the appellants exceeding the export obligation in value but falling short in quantity. The Tribunal found no evidence of diversion of imported goods for other purposes, leading to the penalty reduction. The decision maintained duty liability and interest payment while modifying the penalty amount. Case-Laws Customs Thu, 23 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216261