https://www.taxtmi.com/caselaws?id=334018 The Tribunal set aside the penalty imposed on the appellant for availing benefits under the EPGC Scheme after losing 2-star status. The appellant had paid the duty and interest before a show cause notice was issued, demonstrating compliance with import conditions. The Tribunal found no malafide intentions and concluded the penalty imposition was unjustified. However, the duty demand and interest were upheld as uncontested. The judgment was delivered on 16/09/2016, disposing of the appeals with the penalty overturned and duty payment with interest upheld. en-us Fri, 16 Sep 2016 00:00:00 +0530 Mon, 06 Feb 2017 12:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334018 The Tribunal set aside the penalty imposed on the appellant for availing benefits under the EPGC Scheme after losing 2-star status. The appellant had paid the duty and interest before a show cause notice was issued, demonstrating compliance with import conditions. The Tribunal found no malafide intentions and concluded the penalty imposition was unjustified. However, the duty demand and interest were upheld as uncontested. The judgment was delivered on 16/09/2016, disposing of the appeals with the penalty overturned and duty payment with interest upheld. Case-Laws Customs Fri, 16 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334018