https://www.taxtmi.com/caselaws?id=756563 CESTAT Ahmedabad allowed appeals partly in a case involving SEZ unit's mis-declaration of goods quantity and value. The tribunal held that since the adjudicating authority failed to provide the statutory option for reduced penalty under Section 114A, the appellant was granted 25% penalty reduction subject to payment of confirmed duty, interest, and reduced penalty within one month. Penalty under Section 112(a) was set aside as Section 114A penalty precludes imposition of penalties under other sections. The director's penalty was reduced from Rs. 5 lakh to Rs. 3 lakh under Section 112(a) and from Rs. 2 lakh to Rs. 1 lakh under Section 114A considering overall circumstances. en-us Tue, 23 Jul 2024 00:00:00 +0530 Tue, 06 Aug 2024 07:49:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756563 CESTAT Ahmedabad allowed appeals partly in a case involving SEZ unit's mis-declaration of goods quantity and value. The tribunal held that since the adjudicating authority failed to provide the statutory option for reduced penalty under Section 114A, the appellant was granted 25% penalty reduction subject to payment of confirmed duty, interest, and reduced penalty within one month. Penalty under Section 112(a) was set aside as Section 114A penalty precludes imposition of penalties under other sections. The director's penalty was reduced from Rs. 5 lakh to Rs. 3 lakh under Section 112(a) and from Rs. 2 lakh to Rs. 1 lakh under Section 114A considering overall circumstances. Case-Laws Customs Tue, 23 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756563