Non furnishing of Bond as per Amendment of Customs Notification not amounts to Mis Declaration: CESTAT sets aside Demand of Interest and Penalties [Read Order]
The CESTAT set aside the demand of interest and penalties under the Excise Act
The Chennai bench of the Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ) Non has held that non-furnishing of bond as per amendment of customs notification does not amount to misdeclaration and set aside the demand of interest and penalties. M/s. Samarth Corporation and M/s. P. P. Products Pvt. Ltd, the appellant had…
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