Case Law Details
Case Name : Sriram Srinivasa Rao Vs Commissioner of Central Tax & Customs (Appeals) (CESTAT Hyderabad)
Appeal Number : Customs Appeal No. 30240 of 2023
Date of Judgement/Order : 15/09/2023
Related Assessment Year :
Courts :
All CESTAT CESTAT Hyderabad
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Sriram Srinivasa Rao Vs Commissioner of Central Tax & Customs (Appeals) (CESTAT Hyderabad)
The case of Sriram Srinivasa Rao vs. Commissioner of Central Tax & Customs (Appeals) at the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) Hyderabad is a significant legal proceeding that revolves around a penalty imposed under section 117 of the Customs Act 1962. This article provides an in-depth examination of the case, shedding light on the circumstances that led to the penalty reduction.
Detailed Analysis:
- Background: In this case, the appellant, Sriram Srinivasa Rao, found himself aggrieved by the imposition of a penalty amounting to Rs 1,00,000 under section 117 of the Customs Act 1962. The root of the issue lies in the import of a consignment by M/s Konaseema Exim Traders, which was initially assessed with a customs duty of Rs 5,35,000.
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