Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
Penalty Enhancement - Penalty imposed u/s 112 of the Customs Act, 1962 - The Tribunal ruled that penalty cannot be enhanced in subsequent proceedings without proper notice. As the penalty was enhanced without proper notice and in contradiction to settled law, the Tribunal restricted the penalty to the original amount of ₹15,000.
Penalty Enhancement - Penalty imposed u/s 112 of the Customs Act, 1962 - The Tribunal ruled that penalty cannot be enhanced in subsequent proceedings without proper notice. As the penalty was enhanced without proper notice and in contradiction to settled law, the Tribunal restricted the penalty to the original amount of ₹15,000.
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