Penalty under Customs Act not Invokable in absence of Evidence on Tax Evasion: CESTAT [Read Order]

Penalty under Customs Act - absence of Evidence on Tax Evasion -Evidence - Tax Evasion - CESTAT - taxscan

The Delhi bench of Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that penalty under the Customs Act is not invokable in the absence of evidence of tax evasion.  The appellant M/s.Veera Fragrances Pvt. Ltd. is a manufacturer of Aromatic Compounds and was importing aromatic chemicals for perfumery preparation from Givaudan, Switzerland.  Mr….

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