Wednesday 16 April 2014

No benefit of reduced penalty rate of 25% at appellate stage unless lower authorities failed to gran

Excise & Customs : Where option to pay 25 per cent reduced penalty was granted in adjudication order and assessee did not make payment of duty, interest and said penalty within 30 days from receipt of adjudication order, assessee was liable to full duty and said benefit could not be extended by Tribunal at appellate stage


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