TaxTMI 
TaxTMI 
2023 (3) TMI 841
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....ondent ORDER The Appellant M/s. Visa Resources India Limited has imported 16 consignments under various Bills of Entry during the period 2011-2012 to 2014-2015. Show Cause Notice was issued to them under Customs (Provisional Duty Assessment) Regulations, 2011 seeking as to why penalty should not be imposed on them for non finalization of provisionally assessed Bills of Entry. 2. The Appellant....
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....5. The Ld. Advocate appearing on behalf of the Appellant submits that in respect of all the 16 Bills of Entry, they have filed all the necessary documents with the Department for finalization of the same. In respect of the 12 Bills of Entry, the assessments were finalized. In respect of balance 4 Bills of Entry, the same was not finalized by the Department, nor any defect was pointed out by the De....
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.... of Entry. Hence, the enhanced penalty of Rs.2,00,000/- is justified. 7. Heard both sides. 8. On factual matrix, it is seen that in case of 4 Bills of Entry, the assessment were not finalized without any fault on the part of the Appellant. The issue is also covered by the case law of Jai Balaji Industries Ltd. cited supra wherein, this Tribunal has held as under:- 9. I find that is a case of d....