https://www.taxtmi.com/caselaws?id=765191 The Tribunal dismissed the appeal regarding the confiscation and clearance of seized goods as infructuous, due to the settlement under the Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 (SVLDRS). Additionally, the penalties imposed on the CEO and M.D. of M/s. Diamond Display Solutions Pvt. Ltd. were overturned. The Tribunal followed the precedent that when the main demand is settled under the SVLDR Scheme, penalties on co-noticees are unsustainable. Consequently, the appeals of the company executives were allowed. en-us Wed, 22 Jan 2025 00:00:00 +0530 Tue, 28 Jan 2025 08:24:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765191 The Tribunal dismissed the appeal regarding the confiscation and clearance of seized goods as infructuous, due to the settlement under the Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 (SVLDRS). Additionally, the penalties imposed on the CEO and M.D. of M/s. Diamond Display Solutions Pvt. Ltd. were overturned. The Tribunal followed the precedent that when the main demand is settled under the SVLDR Scheme, penalties on co-noticees are unsustainable. Consequently, the appeals of the company executives were allowed. Case-Laws Central Excise Wed, 22 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765191