https://www.taxtmi.com/caselaws?id=75268 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. en-us Wed, 05 Aug 2009 00:00:00 +0530 Sat, 03 Apr 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=75268 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. Case-Laws Customs Wed, 05 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=75268