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HomeIndirect TaxesCESTAT Quashes Rs. 20 Lakh Penalty on Importer in Air Conditioner Undervaluation...

CESTAT Quashes Rs. 20 Lakh Penalty on Importer in Air Conditioner Undervaluation Case

Indirect Taxes

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By Mariya Paliwala
CESTAT Quashes Rs. 20 Lakh Penalty on Importer in Air Conditioner Undervaluation Case

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The Principal Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), New Delhi, has set aside a penalty of Rs. 20 lakh imposed on Shri Ajit Singh under Section 112(a) of the Customs Act, holding that there was no evidence to establish his involvement in undervaluation of imported air conditioners.  The bench of…

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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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