Penalty for Fraudulent EPCG Shipping Bills Reduced Due to Principle of Proportional Liability

S. Kishore Vs Commissioner of Customs (CESTAT Chennai) CESTAT Reduces Customs Penalty Because Co-Noticees Received Lower Penalties Before Settlement Commission; CESTAT Upholds Fraud Findings but Cuts Penalty in EPCG Export Obligation Case; Reduced Penalty Granted Because Main Noticee’s Managing Director Faced Lower Penalty Before Settlement Commission; CESTAT Confirms Liability Under Sections 112(a) and 114AA for False EPCG Shipping Bills. In S. Kishore Vs Commissioner of Customs, the Chennai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) partly allowed the appeal b...