https://www.taxtmi.com/caselaws?id=763458 The Tribunal set aside the penalty imposed under Section 112(a) of the Customs Act, 1962, allowing the appeal. The appellant complied with the Amnesty Scheme for one-time settlement of default in export obligation by paying the demanded Customs duty and interest. The Tribunal found no basis for the penalty, as the Scheme did not address penalties for non-fulfillment of export obligations, indicating no mala fide intention. The issuance of a closure letter by the Authority confirmed compliance, leading to the decision. The Tribunal emphasized the importance of adherence to the Amnesty Scheme for resolving export obligation defaults. en-us Tue, 17 Dec 2024 00:00:00 +0530 Fri, 20 Dec 2024 08:46:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763458 The Tribunal set aside the penalty imposed under Section 112(a) of the Customs Act, 1962, allowing the appeal. The appellant complied with the Amnesty Scheme for one-time settlement of default in export obligation by paying the demanded Customs duty and interest. The Tribunal found no basis for the penalty, as the Scheme did not address penalties for non-fulfillment of export obligations, indicating no mala fide intention. The issuance of a closure letter by the Authority confirmed compliance, leading to the decision. The Tribunal emphasized the importance of adherence to the Amnesty Scheme for resolving export obligation defaults. Case-Laws Customs Tue, 17 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763458