CESTAT upholds Penalty Imposed for Confiscation of goods Falls under “Light Oil” on Ground of Violation of Policy Conditions of Foreign Trade Policy [Read Order]

By Shabna Rahim - On August 17, 2023 2:30 pm - 2 mins read

CESTAT Upholds Penalty - Confiscation of goods - Light Oil - Penalty - CESTAT - Violation of Policy Conditions - Foreign Trade Policy - taxscan

The Ahmedabad bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) upheld the redemption fine and penalty imposed for the confiscation of goods that falls under the category of ‘light oil’ on the ground of violation of policy conditions of foreign trade policy(FTP). M M Trading Company, the appellant assessee filed a Bill…

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