No forgery/misuse unveiled by DGFT Licensing Authorities: CESTAT quashes Customs Penalty on VABL License Holder [Read Order]

By Saagarika Gopinath - On September 25, 2024 11:44 am - 2 mins read
CESTAT - CESTAT Mumbai - Customs Tax - Excise Tax - Customs Excise and Service Tax Appellate Tribunal - Taxscan

In a recent ruling, the Mumbai bench of the Customs, Excise, and Service Tax Appellate Tribunal ( CESTAT )  quashed the Customs Penalty on VABL License Holders as the DGFT Licensing Authorities were unable to unveil no forgery or misuse.  The appellants are M/s Lark Chemicals Private Limited, Mumbai, and M/s Micro Labs Limited, Bangalore,…

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