HomeIndirect TaxesNo Liability Without Knowledge of Misdeclaration: CESTAT Quashes Rs. 20,000 Penalty on...

No Liability Without Knowledge of Misdeclaration: CESTAT Quashes Rs. 20,000 Penalty on Watch Retailer 

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The Customs, Excise and Service Tax Appellate Tribunal has set aside a penalty imposed on Mumbai-based retaile holding that no penalty can be levied under the Customs Act, 1962 in the absence of evidence establishing knowledge of misdeclaration by the importer. The bench of Justice Dilip Gupta (President) and Hemambika R. Priya (Technical Member) has…

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Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

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