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HomeIndirect TaxesCESTAT Reduces Penalty On Importers For Alleged Diversion Of Computerized Embroidery Machines...

CESTAT Reduces Penalty On Importers For Alleged Diversion Of Computerized Embroidery Machines Against Dummy IEC, EPCG Licences Holders

Indirect Taxes

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By Mariya Paliwala
cestat

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The Customs, Excise & Service Tax Appellate Tribunal (CESTAT), Ahmedabad Bench, has reduced the penalty on importers for alleged diversion of computerized embroidery machines against dummy IEC, EPCG licences holders. The bench of Somesh Arora (Judicial Member) has observed that the penalty imposed under Section 112(a) of 1,00,000/- is being reduced to Rs. 50,000/- and…

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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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