CESTAT Quashes Penalty for Technical Breach of Customs Exemption Rules

Paramount Surgimed Limited Vs Commissioner of Customs (CESTAT Delhi) The Customs, Excise, and Service Tax Appellate Tribunal (CESTAT), Delhi, delivered a significant judgment in the case of M/s Paramount Surgimed Limited Vs Commissioner of Customs, setting aside penalties totaling ₹1,75,000 imposed on the appellant for the late filing of quarterly returns related to the import of goods at a concessional rate of duty. The Core Issue The dispute centered on the appellant, an importer, failing to adhere strictly to the procedural requirement of filing quarterly returns under Rule 6(3) of the C...