https://www.taxtmi.com/caselaws?id=391793 Delayed production of Bank Realization Certificates in a customs drawback matter was treated as a technical default attracting penalty only to the extent justified by the facts. Although the delay was undisputed, export proceeds were ultimately realised and the proceedings had otherwise been dropped, so the Court considered the penal consequence under Section 117 of the Customs Act to be excessive on these facts. The penalty was moderated rather than fully sustained, reflecting that delay in furnishing proof of realisation does not invariably call for the maximum penalty where eventual compliance is established. en-us Thu, 19 Dec 2019 00:00:00 +0530 Sat, 07 Nov 2020 17:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391793 Delayed production of Bank Realization Certificates in a customs drawback matter was treated as a technical default attracting penalty only to the extent justified by the facts. Although the delay was undisputed, export proceeds were ultimately realised and the proceedings had otherwise been dropped, so the Court considered the penal consequence under Section 117 of the Customs Act to be excessive on these facts. The penalty was moderated rather than fully sustained, reflecting that delay in furnishing proof of realisation does not invariably call for the maximum penalty where eventual compliance is established. Case-Laws Customs Thu, 19 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391793