Incorrect Customs & Excise Law Penalty: CESTAT Remands Case

Swagat Synthetics Vs C.C.E. & S.T. (CESTAT Ahmedabad)

The Customs, Excise and Service Tax Appellate Tribunal (CESTAT) in Ahmedabad addressed appeals filed by Swagat Synthetics, concerning penalties levied under the Customs Act, 1962, and the Central Excise Rules, 1944. The penalties stemmed from the firm’s alleged involvement in paper transactions. Swagat Synthetics, a 100% Export Oriented Unit (EOU), was penalized under Section 112 of the Customs Act and Rule 26 of the Central Excise Rules. The firm’s advocate argued that the penalty under Section 112 was incorrect

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