https://www.taxtmi.com/caselaws?id=85955 The Tribunal upheld penalties under Section 112(a) of the Customs Act on a company for importing and selling goods without fulfilling export obligations. The order directing payment of Rs. 10 lakhs as the value of goods was set aside. The appropriation of Rs. 26,73,159.75 as Customs duty was upheld. Confiscation was deemed valid, but not possible due to goods not being available. Penalties on individuals were upheld for non-compliance. The company's appeal was partly allowed, while individuals' appeals were dismissed. The Tribunal recommended a review of Customs procedures for export compliance. en-us Tue, 15 Oct 1996 00:00:00 +0530 Tue, 09 Aug 2011 12:19:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=85955 The Tribunal upheld penalties under Section 112(a) of the Customs Act on a company for importing and selling goods without fulfilling export obligations. The order directing payment of Rs. 10 lakhs as the value of goods was set aside. The appropriation of Rs. 26,73,159.75 as Customs duty was upheld. Confiscation was deemed valid, but not possible due to goods not being available. Penalties on individuals were upheld for non-compliance. The company's appeal was partly allowed, while individuals' appeals were dismissed. The Tribunal recommended a review of Customs procedures for export compliance. Case-Laws Customs Tue, 15 Oct 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=85955