https://www.taxtmi.com/caselaws?id=93558 The Appellate Tribunal CEGAT, Mumbai waived penalties of Rs. 3 lakhs on Prakash Jain and Rs. 1 lakh on Shantilal Jain under section 112 of the Customs Act, 1962, due to arguments that the gold ornaments seized might have been legally imported. The tribunal stayed the recovery of the penalties. en-us Fri, 05 May 2000 00:00:00 +0530 Mon, 14 Nov 2011 13:19:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=93558 The Appellate Tribunal CEGAT, Mumbai waived penalties of Rs. 3 lakhs on Prakash Jain and Rs. 1 lakh on Shantilal Jain under section 112 of the Customs Act, 1962, due to arguments that the gold ornaments seized might have been legally imported. The tribunal stayed the recovery of the penalties. Case-Laws Customs Fri, 05 May 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=93558