https://www.taxtmi.com/caselaws?id=95936 The Appellate Tribunal CEGAT, Mumbai waived the penalty of Rs. 2.50 lakhs imposed under Section 114(1) of the Act due to overvaluation of skirts for export. The Tribunal deemed the evidence provided by the department as vague and unacceptable, resulting in the penalty being waived and its recovery stayed. en-us Fri, 09 Feb 2001 00:00:00 +0530 Fri, 16 Dec 2011 11:10:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=95936 The Appellate Tribunal CEGAT, Mumbai waived the penalty of Rs. 2.50 lakhs imposed under Section 114(1) of the Act due to overvaluation of skirts for export. The Tribunal deemed the evidence provided by the department as vague and unacceptable, resulting in the penalty being waived and its recovery stayed. Case-Laws Customs Fri, 09 Feb 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=95936