High Penalty under Customs Act Imposed on Importer of Rough Marble for Failure to Produce Special Import License: CESTAT reduces Penalty [Read Order]
The court modified the impugned order to the extent of reducing the penalty from Rs.4,00,000/- to Rs.65,000/- under Section 112(a) of the Customs Act, 1962.
The Mumbai bench of the Customs, Excise & Service Tax Appellate Tribunal( CESTAT), while allowing the appeal, reduced the high penalty imposed under the Customs Act on the importer of rough marble for the failure to produce a special import license. Dinesh Pratapchand Shah, the appellant, imported rough marble slabs and filed a Bill of…
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