https://www.taxtmi.com/caselaws?id=80440 The Tribunal upheld the imposition of a penalty on the appellant under Section 112(b) of the Customs Act, finding his statement reliable and indicative of his involvement in the illegal business. Despite being a student, the appellant was found to be involved in storing and dealing with contraband goods, justifying the penalty. The penalty amount was reduced from Rs. 5,000 to Rs. 3,000 considering the appellant's circumstances, ultimately dismissing the appeal. en-us Thu, 15 Feb 1990 00:00:00 +0530 Thu, 16 Jun 2011 18:10:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=80440 The Tribunal upheld the imposition of a penalty on the appellant under Section 112(b) of the Customs Act, finding his statement reliable and indicative of his involvement in the illegal business. Despite being a student, the appellant was found to be involved in storing and dealing with contraband goods, justifying the penalty. The penalty amount was reduced from Rs. 5,000 to Rs. 3,000 considering the appellant's circumstances, ultimately dismissing the appeal. Case-Laws Customs Thu, 15 Feb 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=80440