https://www.taxtmi.com/caselaws?id=172107 The Tribunal quashed the penalty imposed by the Assistant Commissioner of Customs under section 112 of the Customs Act, 1962, on the appellant for failing to fulfill export obligations under an EPCG license. The appellate authority reduced the penalty from &8377; 3,80,000 to &8377; 2,00,000. The Tribunal upheld the appeal, citing precedent, and no costs were awarded to either party. en-us Thu, 28 Nov 2013 00:00:00 +0530 Tue, 11 Aug 2015 19:29:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=172107 The Tribunal quashed the penalty imposed by the Assistant Commissioner of Customs under section 112 of the Customs Act, 1962, on the appellant for failing to fulfill export obligations under an EPCG license. The appellate authority reduced the penalty from &8377; 3,80,000 to &8377; 2,00,000. The Tribunal upheld the appeal, citing precedent, and no costs were awarded to either party. Case-Laws Customs Thu, 28 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=172107