Purposive interpretation of residential house exemption: unregistered purchase agreement alone does not defeat relief, but investment must be verified...
CESTAT Mumbai held that confiscation of imported goods and imposition of penalty u/s 112(a) of Customs Act for forged Special Import Licenses lacked clear evidence linking appellants to forgery. Delay in penalty proceedings beyond reasonable time was deemed unjustified, citing legal precedents. The order confiscating goods was upheld, but penalty imposition was deemed unsustainable. Appeal allowed in part, emphasizing lack of strong grounds for penalty imposition u/s 112(a) on appellants.
CESTAT Mumbai held that confiscation of imported goods and imposition of penalty u/s 112(a) of Customs Act for forged Special Import Licenses lacked clear evidence linking appellants to forgery. Delay in penalty proceedings beyond reasonable time was deemed unjustified, citing legal precedents. The order confiscating goods was upheld, but penalty imposition was deemed unsustainable. Appeal allowed in part, emphasizing lack of strong grounds for penalty imposition u/s 112(a) on appellants.
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