https://www.taxtmi.com/caselaws?id=172141 The Customs, Excise & Service Tax Appellate Tribunal (CESTAT) confirmed a penalty of &8377; 2,50,000 imposed by the Commissioner of Customs under Order-in-Original No. 16/2005 on Ashok Kumar Khandelwal for unclaimed and undervalued precious stones imported from M/s. Kalyan Gems Trading Co. Despite the appellant's arguments of insufficient hearing opportunity and unjustified penalty, CESTAT upheld the penalty citing evidence linking the appellant to the import consignment. The appeal was dismissed for lack of merit as no substantial legal question was raised. en-us Fri, 05 Aug 2011 00:00:00 +0530 Wed, 12 Aug 2015 11:39:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=172141 The Customs, Excise & Service Tax Appellate Tribunal (CESTAT) confirmed a penalty of &8377; 2,50,000 imposed by the Commissioner of Customs under Order-in-Original No. 16/2005 on Ashok Kumar Khandelwal for unclaimed and undervalued precious stones imported from M/s. Kalyan Gems Trading Co. Despite the appellant's arguments of insufficient hearing opportunity and unjustified penalty, CESTAT upheld the penalty citing evidence linking the appellant to the import consignment. The appeal was dismissed for lack of merit as no substantial legal question was raised. Case-Laws Customs Fri, 05 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=172141