Relief to Hindustan Inox: CESTAT quashes Customs Penalty u/s 114AA imposed w/o Evidence [Read Order]

The Tribunal found that the penalties imposed under Section 114AA were without sufficient evidence while the case revolved around the import of stainless steel coils and plates from China, which were subject to Countervailing Duty (CVD).
By Manu Sharma - On September 4, 2024 4:15 pm - 2 mins read
Hindustan Inox - CESTAT - Customs - Penalty - section 114AA - Evidence - Customs Penalty - CESTAT quashes Customs Penalty - cestat on Hindustan Inox - taxscan

The Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) has provided significant relief to Hindustan Inox Limited by quashing the penalties imposed under Section 114AA of the Customs Act, 1962. This section deals with penalties for making, signing, or using false or incorrect statements or documents in the course of business under the Customs Act….

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