https://www.taxtmi.com/caselaws?id=91990 The Appellate Tribunal CEGAT, CALCUTTA reduced the personal penalty imposed on the appellant company under Section 114 of the Customs Act, 1962 from Rs. 1.00 lakh to Rs. 10,000. The Tribunal held the appellants liable for discrepancies in exported goods due to negligence, not proven collusion or connivance. The appeal was allowed with the revised penalty amount. en-us Thu, 03 Apr 1997 00:00:00 +0530 Sat, 22 Oct 2011 13:28:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=91990 The Appellate Tribunal CEGAT, CALCUTTA reduced the personal penalty imposed on the appellant company under Section 114 of the Customs Act, 1962 from Rs. 1.00 lakh to Rs. 10,000. The Tribunal held the appellants liable for discrepancies in exported goods due to negligence, not proven collusion or connivance. The appeal was allowed with the revised penalty amount. Case-Laws Customs Thu, 03 Apr 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=91990