https://www.taxtmi.com/caselaws?id=336864 The Tribunal upheld the imposition of Customs duty on imported capital goods and Central Excise duty on indigenous capital goods, along with the liability for payment of interest. Penalties were imposed on the company and an individual under relevant sections of the Customs Act and Central Excise Act. The Tribunal rectified errors in the Commissioner's order, imposing penalties and interest as per the correct sections. Ultimately, the Tribunal allowed the Revenue's appeal, affirming the liabilities and penalties imposed on the parties involved in the case. en-us Tue, 13 Dec 2016 00:00:00 +0530 Fri, 09 Sep 2022 14:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336864 The Tribunal upheld the imposition of Customs duty on imported capital goods and Central Excise duty on indigenous capital goods, along with the liability for payment of interest. Penalties were imposed on the company and an individual under relevant sections of the Customs Act and Central Excise Act. The Tribunal rectified errors in the Commissioner's order, imposing penalties and interest as per the correct sections. Ultimately, the Tribunal allowed the Revenue's appeal, affirming the liabilities and penalties imposed on the parties involved in the case. Case-Laws Customs Tue, 13 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336864