No Retrospective Penalty Under Custom Act Section 114AA: CESTAT Delhi

Indusind Media And Communications Limited Vs Principal Commissioner (CESTAT Delhi) Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Delhi Bench, has delivered a significant ruling, setting aside a penalty imposed under Section 114AA of the Customs Act, 1962 (referred to as ‘the Act’), on the grounds that the provision cannot be applied retrospectively. The decision came in the appeal filed by M/s. Indusind Media and Communications Limited (referred to as ‘the Appellant’) against an order dated November 13, 2019, passed by the Principal Commissioner of Custom...