https://www.taxtmi.com/caselaws?id=221540 The Tribunal set aside the penalties imposed by the adjudicating authority, ruling in favor of the appellant. It was determined that the appellant had not concealed any material facts and had voluntarily paid the duties and interest. The Tribunal found the issuance of the show cause notice to be improper and concluded that the extended period of limitation was not applicable. As a result, the penalties under the Customs Act, 1962, and the Central Excise Act, 1944, were overturned in favor of the appellant. en-us Thu, 13 Sep 2012 00:00:00 +0530 Sat, 16 Mar 2013 05:47:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221540 The Tribunal set aside the penalties imposed by the adjudicating authority, ruling in favor of the appellant. It was determined that the appellant had not concealed any material facts and had voluntarily paid the duties and interest. The Tribunal found the issuance of the show cause notice to be improper and concluded that the extended period of limitation was not applicable. As a result, the penalties under the Customs Act, 1962, and the Central Excise Act, 1944, were overturned in favor of the appellant. Case-Laws Customs Thu, 13 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221540