Customs Act penalty waived as goods exported, not subject to confiscation. Recovery stayed.

The penalty of Rs. 30,000 imposed under Section 114 of the Customs Act by Appellate Tribunal CESTAT, Chennai was waived and recovery stayed. The goods in question had already been exported, rendering them not liable for confiscation under Section 113 of the Act. The applicants successfully contested the penalty.

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The judgment by Appellate Tribunal CESTAT, Chennai involved a penalty of Rs. 30,000 imposed under Section 114 of the Customs Act. The penalty was waived and recovery stayed as the goods in question had already been exported, making them not liable for confiscation under Section 113 of the Act. The applicants successfully argued against the penalty.

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