https://www.taxtmi.com/caselaws?id=334072 The tribunal upheld penalties of Rs. 30.00 Lakhs and Rs. 50.00 Lakhs imposed on two firm proprietors for fraudulent drawback claims, rejecting the Revenue's appeal for enhancement. The penalties, 44% to 50% of undue benefits, were deemed appropriate without adequate grounds for increase. The appellants' financial challenges and lack of prior deposits were considered, leading to dismissal of the Revenue's appeal on September 12, 2016. en-us Mon, 12 Sep 2016 00:00:00 +0530 Thu, 03 Nov 2016 10:50:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334072 The tribunal upheld penalties of Rs. 30.00 Lakhs and Rs. 50.00 Lakhs imposed on two firm proprietors for fraudulent drawback claims, rejecting the Revenue's appeal for enhancement. The penalties, 44% to 50% of undue benefits, were deemed appropriate without adequate grounds for increase. The appellants' financial challenges and lack of prior deposits were considered, leading to dismissal of the Revenue's appeal on September 12, 2016. Case-Laws Customs Mon, 12 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334072