https://www.taxtmi.com/caselaws?id=248543 The Appellate Tribunal CESTAT NEW DELHI upheld penalties under the Customs Act, 1962 against an appellant company and its manager for misdeclaring goods in export, attempting to export restricted Muriate of Potash (MOP) as Oil Well Drilling Chemical. The appellants were found liable for penalties for facilitating unauthorized exports, jeopardizing public revenue. The Tribunal ordered the company to deposit Rs. 5.00 lakhs and the manager Rs. 3.00 lakhs within a specified timeline, with a stay on the balance penalties until the appeal's disposal or a specified date. Compliance with customs laws and procedures was emphasized to protect public revenue and economic interests. en-us Thu, 08 May 2014 00:00:00 +0530 Mon, 16 Jun 2014 08:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248543 The Appellate Tribunal CESTAT NEW DELHI upheld penalties under the Customs Act, 1962 against an appellant company and its manager for misdeclaring goods in export, attempting to export restricted Muriate of Potash (MOP) as Oil Well Drilling Chemical. The appellants were found liable for penalties for facilitating unauthorized exports, jeopardizing public revenue. The Tribunal ordered the company to deposit Rs. 5.00 lakhs and the manager Rs. 3.00 lakhs within a specified timeline, with a stay on the balance penalties until the appeal's disposal or a specified date. Compliance with customs laws and procedures was emphasized to protect public revenue and economic interests. Case-Laws Customs Thu, 08 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248543