https://www.taxtmi.com/caselaws?id=444387 The Court declined to accept the Tribunal's view that fulfilment of the export obligation certificate was not determinative per se, holding that this aspect could not be sustained in full on the facts while the remaining findings justified only limited interference. It also modified the penalty imposed on the Directors and employees of the appellant-company, setting aside the penalty to the extent of Rs. 25 lakhs in aggregate and directing adjustment of any amount already realised against the balance, if any. The impugned order was therefore sustained substantially, subject to partial relief on penalty and preservation of other rights and contentions in pending proceedings. en-us Thu, 21 Sep 2023 00:00:00 +0530 Sat, 03 Feb 2024 10:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444387 The Court declined to accept the Tribunal's view that fulfilment of the export obligation certificate was not determinative per se, holding that this aspect could not be sustained in full on the facts while the remaining findings justified only limited interference. It also modified the penalty imposed on the Directors and employees of the appellant-company, setting aside the penalty to the extent of Rs. 25 lakhs in aggregate and directing adjustment of any amount already realised against the balance, if any. The impugned order was therefore sustained substantially, subject to partial relief on penalty and preservation of other rights and contentions in pending proceedings. Case-Laws Customs Thu, 21 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444387