https://www.taxtmi.com/highlights?id=21709 Reduction in penalty imposed - Validity of order passed by CESTAT - The maximum possible penalty was ₹ 15.30 crores but the adjudicating authority imposed a total penalty of ₹ 1.75 crores. The CESTAT has reduced penalty to ₹ 12 lacs without assigning any clear and cogent reasons much less reference to any relevant facts or law. - HC en-us Mon, 09 Feb 2015 12:12:58 +0530 Mon, 09 Feb 2015 12:12:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=21709 Reduction in penalty imposed - Validity of order passed by CESTAT - The maximum possible penalty was ₹ 15.30 crores but the adjudicating authority imposed a total penalty of ₹ 1.75 crores. The CESTAT has reduced penalty to ₹ 12 lacs without assigning any clear and cogent reasons much less reference to any relevant facts or law. - HC Highlights Customs Mon, 09 Feb 2015 12:12:58 +0530 https://www.taxtmi.com/highlights?id=21709