https://www.taxtmi.com/caselaws?id=333797 The court set aside the impugned order dated 21.10.2015 and directed the appellate authority to reconsider the case afresh, emphasizing the need to examine the proportionality of the penalty imposed on the petitioner for shortfall in value addition. The court highlighted the importance of considering the petitioner's financial constraints and market conditions in imposing penalties, stressing that penalties should be reasonable and just. The appellate authority was instructed to pass a reasoned order taking into account these factors. en-us Fri, 19 Aug 2016 00:00:00 +0530 Wed, 04 Jan 2017 12:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333797 The court set aside the impugned order dated 21.10.2015 and directed the appellate authority to reconsider the case afresh, emphasizing the need to examine the proportionality of the penalty imposed on the petitioner for shortfall in value addition. The court highlighted the importance of considering the petitioner's financial constraints and market conditions in imposing penalties, stressing that penalties should be reasonable and just. The appellate authority was instructed to pass a reasoned order taking into account these factors. Case-Laws Customs Fri, 19 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333797