Penalty u/s 114 A of Customs Act, Person Liable to Duty would be Liable to Penalty Equal to Duty: CESTAT rules in Favour of IBM [Read Order]

The CESTAT in the case of IBM India Pvt Ltd ruled about proportionate penalty under section 114 of the Customs Act

By Yogitha S. Yogesh - On December 29, 2023 5:44 pm - 3 mins read

CESTAT - IBM - Customs Act - Customs - Excise - TAXSCAN

In the case of IBM India Pvt Ltd, the Bangalore bench of the Customs, Excise and Service Tax Appellate Tribunal(CESTAT) has held that Penalty under section 114 A of the Customs Act, 1962 would be proportionate, ie, a person liable to Duty would be Liable to Penalty Equal to Duty and the person liable to…

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