https://www.taxtmi.com/caselaws?id=286743 The Appellate Tribunal CESTAT BANGALORE ruled in favor of the appellants, M/s. Sea Gold Aqua Farms Ltd., a 100% Export Oriented Unit, in a case involving misdeclaration in shipping bills. The company mistakenly filed under the wrong scheme but promptly rectified the error, surrendering the erroneous bills and requesting conversion. Despite Revenue's claims of attempted dual benefit, the Tribunal found no intentional misdeclaration as the company did not avail DEPB benefits. Emphasizing the importance of accurate documentation in international trade, the judgment highlights the need for diligence and transparency to avoid penalties. en-us Tue, 14 Oct 2003 00:00:00 +0530 Fri, 13 Mar 2020 14:45:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286743 The Appellate Tribunal CESTAT BANGALORE ruled in favor of the appellants, M/s. Sea Gold Aqua Farms Ltd., a 100% Export Oriented Unit, in a case involving misdeclaration in shipping bills. The company mistakenly filed under the wrong scheme but promptly rectified the error, surrendering the erroneous bills and requesting conversion. Despite Revenue's claims of attempted dual benefit, the Tribunal found no intentional misdeclaration as the company did not avail DEPB benefits. Emphasizing the importance of accurate documentation in international trade, the judgment highlights the need for diligence and transparency to avoid penalties. Case-Laws Customs Tue, 14 Oct 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286743