Bombay HC Quashes Rs. 20,000 Customs Act Penalty, Orders Refund & Interest

The Bombay HC set aside a penalty of Rs. 20,000 imposed on the petitioner under the Customs Act, 1962, as it was not imposed in compliance with Section 124. The court directed the respondents to refund the penalty amount with 8% interest from the date it was paid.

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The Bombay High Court set aside a penalty of Rs. 20,000 imposed on the petitioner under the Customs Act, 1962, as it was not imposed in compliance with Section 124. The court directed the respondents to refund the penalty amount with 8% interest from the date it was paid.

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