https://www.taxtmi.com/caselaws?id=235123 The High Court of Karnataka dismissed the Revenue's appeal challenging the Customs, Excise & Service Tax Appellate Tribunal's decision that the first appellant was not liable to pay duty for imported gold and was exempt from penalty under the Customs Act. The Tribunal had absolved both appellants from duty payment and penalty, which the High Court upheld. The Court ruled that the matter should be decided by the Supreme Court under Section 130E of the Customs Act, granting the Revenue the liberty to appeal to the Supreme Court for further consideration of the issues raised. en-us Thu, 21 Jul 2011 00:00:00 +0530 Fri, 12 Jul 2013 08:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235123 The High Court of Karnataka dismissed the Revenue's appeal challenging the Customs, Excise & Service Tax Appellate Tribunal's decision that the first appellant was not liable to pay duty for imported gold and was exempt from penalty under the Customs Act. The Tribunal had absolved both appellants from duty payment and penalty, which the High Court upheld. The Court ruled that the matter should be decided by the Supreme Court under Section 130E of the Customs Act, granting the Revenue the liberty to appeal to the Supreme Court for further consideration of the issues raised. Case-Laws Customs Thu, 21 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235123