https://www.taxtmi.com/caselaws?id=50323 The Tribunal found in favor of the appellants, ruling that there was insufficient evidence to support the allegations of diversion of imported materials and violation of customs duty exemption conditions. The penalty imposed under the Customs Act was deemed unsustainable due to lack of proven contraventions. Additionally, the show cause notice was considered time-barred, and the recovery of interest at 24% was dismissed as the duty demand itself was not upheld. As a result, the duty demand, interest recovery, and penalty imposition were set aside, and the appellants' appeal was allowed with consequential benefits. en-us Thu, 20 Apr 2000 00:00:00 +0530 Sat, 21 Aug 2010 11:10:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50323 The Tribunal found in favor of the appellants, ruling that there was insufficient evidence to support the allegations of diversion of imported materials and violation of customs duty exemption conditions. The penalty imposed under the Customs Act was deemed unsustainable due to lack of proven contraventions. Additionally, the show cause notice was considered time-barred, and the recovery of interest at 24% was dismissed as the duty demand itself was not upheld. As a result, the duty demand, interest recovery, and penalty imposition were set aside, and the appellants' appeal was allowed with consequential benefits. Case-Laws Customs Thu, 20 Apr 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50323