Appellate Tribunal overturns penalty based on uncorroborated statement.

The Appellate Tribunal CESTAT, Mumbai overturned a penalty of Rs. one lakh imposed on the appellant by the Commissioner of Customs (Prev.), Mumbai. The penalty was based solely on the statement of a co-accused without independent corroboration or incriminating evidence found at the appellant's premises. The penalty was set aside and the appeal was allowed.

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The Appellate Tribunal CESTAT, Mumbai overturned a penalty of Rs. one lakh imposed on the appellant by the Commissioner of Customs (Prev.), Mumbai. The penalty was based solely on the statement of a co-accused without independent corroboration or incriminating evidence found at the appellant's premises. The penalty was set aside and the appeal was allowed.

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