Confiscation Order quashed and reduced penalty from Rs. 19 Cr. to Rs. 10,000 under CGST Act
Last updated: 07 January 2021
Court :
Allahabad High Court
Brief :
The Hon'ble Allahabad High Court in M/S Metenere Ltd. v. Union of India and another[Writ Tax No. 360 of 2020 dated December 17, 2020] quashed the order of confiscation of 12,979 metric tonnes of stock, passed by the Additional Commissioner, GST & Central Excise, alleging duty evasion and reduced the penalty from INR 19,43,89,804/- to INR 10,000/- under Section 122(1) of the Central Goods and Service Tax ("CGST Act") as the dispute pertained to non-maintenance of records.
Citation :
Writ Tax No. 360 of 2020 dated December 17, 2020
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Bimal Jain
Published in GST
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