https://www.taxtmi.com/caselaws?id=448730 CESTAT Kolkata reduced penalty imposed on appellant from Rs. 3 lakh to Rs. 50,000 in a duty drawback fraud case. The appellant, proprietor of M/s. East India Impex, admitted to abetting the main exporter by creating fake identity, opening bank account, and concealing export documents for inflated drawback claims on necktie exports. Despite finding incriminating documents and blank signed papers in appellant's possession, and his admission of supporting the fraud, CESTAT held the original penalty was disproportionate to his role as abettor, requiring stronger evidence for harsher penalties. en-us Thu, 25 Jan 2024 00:00:00 +0530 Sun, 28 Jan 2024 20:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448730 CESTAT Kolkata reduced penalty imposed on appellant from Rs. 3 lakh to Rs. 50,000 in a duty drawback fraud case. The appellant, proprietor of M/s. East India Impex, admitted to abetting the main exporter by creating fake identity, opening bank account, and concealing export documents for inflated drawback claims on necktie exports. Despite finding incriminating documents and blank signed papers in appellant's possession, and his admission of supporting the fraud, CESTAT held the original penalty was disproportionate to his role as abettor, requiring stronger evidence for harsher penalties. Case-Laws Customs Thu, 25 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448730