https://www.taxtmi.com/caselaws?id=177850 The Tribunal concluded by modifying the orders from the Commissioners of Customs, reducing certain penalties and duty demands. It upheld findings of misrepresentation and non-fulfillment of export obligations by the appellants. Specifically, penalties against M/s. Vibhuti Exports and associated individuals were adjusted, while the duty demand related to non-realization of foreign exchange was justified. Confiscation liabilities were acknowledged but adjusted due to goods' unavailability. The appeals were disposed of, affirming the extended period for demanding duty under Section 28 of the Customs Act due to misstatements and suppression of facts by the appellants. en-us Wed, 20 Jul 2005 00:00:00 +0530 Mon, 06 May 2024 10:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177850 The Tribunal concluded by modifying the orders from the Commissioners of Customs, reducing certain penalties and duty demands. It upheld findings of misrepresentation and non-fulfillment of export obligations by the appellants. Specifically, penalties against M/s. Vibhuti Exports and associated individuals were adjusted, while the duty demand related to non-realization of foreign exchange was justified. Confiscation liabilities were acknowledged but adjusted due to goods' unavailability. The appeals were disposed of, affirming the extended period for demanding duty under Section 28 of the Customs Act due to misstatements and suppression of facts by the appellants. Case-Laws Customs Wed, 20 Jul 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177850