Confiscation of Goods Attempted to be Improperly Exported u/s 113 FERA: CESTAT reduces Penalty to 5L [Read Order]

The penalty was imposed under Section 114 for violation of the provisions under Section 113 and the foreign exchange Regulation Act, 1947
Confiscation of Goods - CESTAT - Bangalore bench of the CESTAT - foreign exchange Regulation Act - section 114 of the act - taxscan

The Bangalore bench of the Customs Excise and Service Tax Appellate Tribunal ( CESTAT ) reduced the penalty to 5 lakhs for the attempted improper export of confiscated goods under Section 113 of the foreign exchange Regulation Act, 1947. The bench considered other penalization faced by the appellant. The appellants Mr. Surendran and Mr. Ashok…

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