CESTAT Kolkata Reduces SAIL’s Customs Penalty from ₹44 Lakh to ₹2.25 Lakh

Steel Authority of India Limited Vs Commissioner (Appeals) CGST (CESTAT Kolkata) Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) Kolkata has reduced the penalty imposed on Steel Authority of India Limited (SAIL) for delayed submission of documents in provisional assessments. Initially, the adjudicating authority imposed a penalty of ₹45,000 under Regulation 5 of the Customs, Provisional Duty Assessment Regulations, 2011. However, on appeal, the Commissioner (Appeals) enhanced the penalty to ₹50,000 per bill of entry, amounting to ₹44 lakh. SAIL contested this increase, argui...