https://www.taxtmi.com/caselaws?id=77937 The Tribunal partially allowed the appeal, upholding the imposition of a penalty equal to the duty evaded under Section 114A of the Customs Act. The Commissioner (Appeals)' decision to reduce the fine from Rs. 1,35,000 to Rs. 75,000 was affirmed as reasonable, considering the value of the goods and lack of evidence on potential profits. The Revenue's appeal against the fine reduction was dismissed. en-us Fri, 20 Nov 2009 00:00:00 +0530 Fri, 22 Oct 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=77937 The Tribunal partially allowed the appeal, upholding the imposition of a penalty equal to the duty evaded under Section 114A of the Customs Act. The Commissioner (Appeals)' decision to reduce the fine from Rs. 1,35,000 to Rs. 75,000 was affirmed as reasonable, considering the value of the goods and lack of evidence on potential profits. The Revenue's appeal against the fine reduction was dismissed. Case-Laws Customs Fri, 20 Nov 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=77937