HC: Quashes confiscation in dispute alleging duty-evasion for record non-maintenance, caps penalty to Rs. 10,000

Allahabad HC quashes confiscation order and reduces penalty imposed u/s 130 of CGST Act from Rs 19 cr. to Rs 10,000 alleging duty evasion against assessee, a manufacturer of ‘lead ingots’, for non-maintenance of records at principal place of business as required u/s 35(1) r/w Rule 56 & 57 of CGST Rules; Takes note of the allegations (i) assessee has not maintained Books of Accounts as required under the Act/Rules, (ii) penalty has been imposed holding the assesse...