https://www.taxtmi.com/caselaws?id=239456 The Appellate Tribunal CESTAT Chennai ruled that the applicant, accused of transferring fake DEPB licenses without knowledge, failed to establish a prima facie case for waiving the penalty. The tribunal upheld the penalty of Rs. 8 lakhs imposed by the original authority in each case, directing the applicant to deposit Rs. 2,00,000/- within six weeks for each application to comply with the ruling. Compliance reporting was mandated by a specified date to ensure adherence to the deposit requirement within the given timeframe. en-us Fri, 04 Jan 2013 00:00:00 +0530 Thu, 14 Nov 2013 21:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239456 The Appellate Tribunal CESTAT Chennai ruled that the applicant, accused of transferring fake DEPB licenses without knowledge, failed to establish a prima facie case for waiving the penalty. The tribunal upheld the penalty of Rs. 8 lakhs imposed by the original authority in each case, directing the applicant to deposit Rs. 2,00,000/- within six weeks for each application to comply with the ruling. Compliance reporting was mandated by a specified date to ensure adherence to the deposit requirement within the given timeframe. Case-Laws Customs Fri, 04 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239456