Misclassifying Goods and Fraudulently Availing benefit of License: CESTAT imposes Penalty u/s 114 AA of Customs Act [Read Order]

CESTAT imposed penalty against M/s Fashion Accessories and other appellants due to the misclassification of goods and fraudulent utilization of licenses/scrips in the export of quilts by M/s Fashion Accessories
By Aiswarya Krishnadas - On March 2, 2024 2:04 pm - 2 mins read
CESTAT - CESTAT Ahmedabad - Customs - CESTAT Imposes Penalty - TAXSCAN

The Ahmedabad bench of the Customs Excise and Service Tax Appellate Tribunal ( CESTAT ) imposed a penalty under Section 114AA of the Customs Act, 1962, for misclassifying goods and fraudulently availing benefits of a license. M / s Fashion Accessories obtained the MEIS scrips fraudulently by way of mis-classification of their goods at the…

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