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Informative

Export Proceeded after Customs Clearance and Receival of Foreign Remittance: CESTAT quashes Penalty u/s 114

Update / Judgement Date

03 Mar 2025

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

Appeal Against OrderExcise, VAT & Custom

CESTAT quashed a penalty under Section 114, ruling that export proceeded after customs clearance and receipt of foreign remittance. This decision highlights the importance of considering all evidence in penalty cases. It underscores the need for fair assessments. This ruling reflects the tribunal's emphasis on due process. It emphasizes the need for valid grounds in penalties. The quashing aims to prevent undue penalties.