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<h1>Customs penalties partially set aside by SC, reducing and vacating some. Appeal allowed, confirming one penalty.</h1> <h3>MCLEOD & CO. Versus COLLECTOR OF CUSTOMS, CALCUTTA</h3> MCLEOD & CO. Versus COLLECTOR OF CUSTOMS, CALCUTTA - 1999 (110) E.L.T. 337 (S.C.) The Supreme Court set aside penalties imposed by the Collector of Customs, reducing them in part and vacating others. The appeal was allowed in part, confirming one penalty and setting aside others. The appellant did not press the appeal for one penalty. No costs were awarded.