https://www.taxtmi.com/caselaws?id=30358 The Tribunal upheld the Commissioner's decision, confirming the recovery of Rs. 1,31,44,572/- as erroneously refunded, with Rs. 98,58,430/- already repaid and the balance of Rs. 32,86,142/- to be recovered. Additionally, a penalty of Rs. 5,00,000/- was imposed on the appellants for misdeclaration and wrongful claim of exemption. The appeal was rejected, affirming the findings of misdeclaration and ineligibility for the claimed exemptions under Notification No. 60/88-Cus. en-us Fri, 09 May 2008 00:00:00 +0530 Sat, 23 Aug 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=30358 The Tribunal upheld the Commissioner's decision, confirming the recovery of Rs. 1,31,44,572/- as erroneously refunded, with Rs. 98,58,430/- already repaid and the balance of Rs. 32,86,142/- to be recovered. Additionally, a penalty of Rs. 5,00,000/- was imposed on the appellants for misdeclaration and wrongful claim of exemption. The appeal was rejected, affirming the findings of misdeclaration and ineligibility for the claimed exemptions under Notification No. 60/88-Cus. Case-Laws Customs Fri, 09 May 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=30358