Tribunal upholds Gemini’s palm oil misdeclaration, cuts fine to Rs 1 cr | Hyderabad News
Hyderabad: The Hyderabad bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has upheld a finding that Gemini Edibles and Fats India Ltd misdeclared 2,304 tonnes of imported palmolein as crude palm oil to avail concessional customs duty. However, it reduced the redemption fine from Rs 2 crore to Rs 1 crore and…
