CESTAT Chennai Reduces Redemption Fine & Quashes Penalty in Used Machinery Import Case

Angel Starch & Foods Pvt Ltd Vs Commissioner of Customs (CESTAT Chennai) The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Chennai, in the case of Angel Starch & Foods Pvt Ltd v. Commissioner of Customs, partially allowed an appeal against an adjudication order that had denied the benefit of the Export Promotion Capital Goods (EPCG) Scheme for imported machinery, re-determined its value, ordered confiscation, and imposed a redemption fine and a penalty. Factual Background Angel Starch & Foods Pvt Ltd, a starch manufacturer, imported machinery declared for clearance...