No Mis-Declaration: CESTAT deletes Customs Penalty u/s 111(m) [Read Order]

The authorities, invoking the extended period of limitation, claimed that the appellant had made a misdeclaration
CESTAT Bangalore - CESTAT - No Mis-Declaration - Section 111(m) of the Customs Act - M.S. Clothing Company - Customs Excise and Service Tax Appellate Tribunal - Customs Penalty - CESTAT deletes - CESTAT news - taxscan

The Customs, Excise, and Service Tax Appellate Tribunal ( CESTAT ) Bangalore, in the case of M.S. Clothing Company, has set aside the penalty imposed under Section 111(m) of the Customs Act, 1962, concerning an alleged misdeclaration. The Tribunal, comprising R. Bhagya Devi, Member (Technical), ruled that while the appellant, M.S. Clothing Company, was liable…

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