https://www.taxtmi.com/caselaws?id=238122 The Appellate Tribunal CESTAT CHENNAI granted relief to M/s. J.B.Creations and M/s. S.S. Embroideries by waiving the predeposit of penalties imposed under Section 112 (b) of the Customs Act, 1962. The Tribunal found that the applicants had fulfilled their duty obligations as buyers and were not involved in any wrongful exemption benefit claimed by the actual importer. Consequently, the penalties were waived, and the recovery of penalty amounts was stayed pending the disposal of the appeals. en-us Thu, 11 Jul 2013 00:00:00 +0530 Wed, 16 Oct 2013 09:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238122 The Appellate Tribunal CESTAT CHENNAI granted relief to M/s. J.B.Creations and M/s. S.S. Embroideries by waiving the predeposit of penalties imposed under Section 112 (b) of the Customs Act, 1962. The Tribunal found that the applicants had fulfilled their duty obligations as buyers and were not involved in any wrongful exemption benefit claimed by the actual importer. Consequently, the penalties were waived, and the recovery of penalty amounts was stayed pending the disposal of the appeals. Case-Laws Customs Thu, 11 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238122