https://www.taxtmi.com/caselaws?id=360050 The Tribunal upheld most demands and penalties in the case challenging Order-in-Original No. CEX - 06/2005. It allowed depreciation on capital goods for the main appellant engaged in shrimp production but confirmed demands for clearing prawns without duties and importing raw materials. The Tribunal set aside pre-11.05.2001 demands but upheld post-amendment demands for prawns and shrimp seed clearances. Disputes over missing capital goods were dismissed, and penalties were imposed. The Tribunal reduced the penalty amount from Rs. 10.00 lakhs to Rs. 5.00 lakhs, considering the appellant's circumstances and interest of justice. An individual appellant's appeal abated due to demise. en-us Mon, 22 Jan 2018 00:00:00 +0530 Tue, 19 Mar 2019 14:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360050 The Tribunal upheld most demands and penalties in the case challenging Order-in-Original No. CEX - 06/2005. It allowed depreciation on capital goods for the main appellant engaged in shrimp production but confirmed demands for clearing prawns without duties and importing raw materials. The Tribunal set aside pre-11.05.2001 demands but upheld post-amendment demands for prawns and shrimp seed clearances. Disputes over missing capital goods were dismissed, and penalties were imposed. The Tribunal reduced the penalty amount from Rs. 10.00 lakhs to Rs. 5.00 lakhs, considering the appellant's circumstances and interest of justice. An individual appellant's appeal abated due to demise. Case-Laws Customs Mon, 22 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360050