https://www.taxtmi.com/caselaws?id=94762 Corroborated evidence, including section 108 statements, documents and investigation findings, established active participation in arranging an advance licence and DEEC book through a fictitious firm, facilitating duty-free import clearance and misdeclaring consignments. The Tribunal held that retraction of the statements did not displace the corroborated record, so liability to penalty under section 112(a) of the Customs Act, 1962 was sustained. However, the penalty was found excessive on the facts and was substantially reduced, so the appeal succeeded only to that limited extent. en-us Fri, 03 Jul 1998 00:00:00 +0530 Sat, 03 Dec 2011 16:26:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=94762 Corroborated evidence, including section 108 statements, documents and investigation findings, established active participation in arranging an advance licence and DEEC book through a fictitious firm, facilitating duty-free import clearance and misdeclaring consignments. The Tribunal held that retraction of the statements did not displace the corroborated record, so liability to penalty under section 112(a) of the Customs Act, 1962 was sustained. However, the penalty was found excessive on the facts and was substantially reduced, so the appeal succeeded only to that limited extent. Case-Laws Customs Fri, 03 Jul 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=94762