The Ahmedabad bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) reduced the redemption fine to 4 lakhs since it was imposed without market inquiry. Mgm Tradelink Pvt Ltd, the appellant filed a refund claim for a refund of Rs. 2,90,212/- which was rejected vide Order-in-Original by Assistant Commissioner (Refund), Mundra who held…
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