https://www.taxtmi.com/caselaws?id=446849 CESTAT New Delhi upheld penalties under Sections 114(iii) and 114AA of the Customs Act, 1962 against exporters for over-invoicing goods to claim undue export incentives. The Tribunal held that any person rendering exported goods liable to confiscation faces penalty under Section 114, while those signing false documents incur liability under Section 114AA. Following Supreme Court precedent in OM PRAKASH BHATIA case, over-invoiced exports violating prescribed conditions constitute prohibited goods, attracting penalties. The Tribunal rejected delay in adjudication arguments, noting multiple noticees justified the time taken, and dismissed the appeal. en-us Tue, 12 Dec 2023 00:00:00 +0530 Wed, 13 Dec 2023 07:54:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=446849 CESTAT New Delhi upheld penalties under Sections 114(iii) and 114AA of the Customs Act, 1962 against exporters for over-invoicing goods to claim undue export incentives. The Tribunal held that any person rendering exported goods liable to confiscation faces penalty under Section 114, while those signing false documents incur liability under Section 114AA. Following Supreme Court precedent in OM PRAKASH BHATIA case, over-invoiced exports violating prescribed conditions constitute prohibited goods, attracting penalties. The Tribunal rejected delay in adjudication arguments, noting multiple noticees justified the time taken, and dismissed the appeal. Case-Laws Customs Tue, 12 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=446849