https://www.taxtmi.com/caselaws?id=362262 The Tribunal allowed the appeal of M/s Saksham Impex Pvt Ltd, reducing the penalty imposed under section 28 of the Customs Act, 1962, from 25% to 15%. Despite the tax authorities' failure to encash the demand draft within the prescribed time, the Tribunal deemed the submission of the draft as compliance with statutory requirements, citing precedents. Emphasizing timely compliance and the impact of tax authorities' actions, the decision underscored the appellant's entitlement to the benefit of reduced penalties. en-us Mon, 09 Apr 2018 00:00:00 +0530 Fri, 22 Jun 2018 08:04:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362262 The Tribunal allowed the appeal of M/s Saksham Impex Pvt Ltd, reducing the penalty imposed under section 28 of the Customs Act, 1962, from 25% to 15%. Despite the tax authorities' failure to encash the demand draft within the prescribed time, the Tribunal deemed the submission of the draft as compliance with statutory requirements, citing precedents. Emphasizing timely compliance and the impact of tax authorities' actions, the decision underscored the appellant's entitlement to the benefit of reduced penalties. Case-Laws Customs Mon, 09 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362262