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
By Yogitha S. Yogesh - On February 15, 2024 5:33 pm - 3 mins read
CESTAT - CESTAT Chennai - Customs duty - Customs Notification Amendment - taxscan

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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