https://www.taxtmi.com/highlights?id=66841 Confirmation of penalty, after 15 years of issue of SCN - purchase of goods from the importer - This being a transaction concerning purchase of an item within India, which is unrelated to its importation and to the importer as the said transaction is confined between the Appellant Citibank and M/s. Philips India, confirmation of penalty under Section 112 of the Customs Act against this Appellant is unsustainable both in law and facts. - AT en-us Wed, 30 Nov 2022 07:28:42 +0530 Wed, 30 Nov 2022 07:28:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=66841 Confirmation of penalty, after 15 years of issue of SCN - purchase of goods from the importer - This being a transaction concerning purchase of an item within India, which is unrelated to its importation and to the importer as the said transaction is confined between the Appellant Citibank and M/s. Philips India, confirmation of penalty under Section 112 of the Customs Act against this Appellant is unsustainable both in law and facts. - AT Highlights Customs Wed, 30 Nov 2022 07:28:42 +0530 https://www.taxtmi.com/highlights?id=66841