https://www.taxtmi.com/caselaws?id=96234 The Tribunal ruled that penalties under Section 112 of the Customs Act were not applicable in the case where goods were confiscated under Section 120. It held that penalties could only be imposed when goods were liable for confiscation under Section 111, not in the scenario of wrist watches manufactured from smuggled parts. The Tribunal set aside the penalties imposed on the appellants under Section 112, emphasizing that penalizing them separately for goods made from smuggled parts would amount to double jeopardy. The impugned order imposing penalties was overturned. en-us Thu, 21 Jun 2001 00:00:00 +0530 Tue, 20 Dec 2011 12:17:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96234 The Tribunal ruled that penalties under Section 112 of the Customs Act were not applicable in the case where goods were confiscated under Section 120. It held that penalties could only be imposed when goods were liable for confiscation under Section 111, not in the scenario of wrist watches manufactured from smuggled parts. The Tribunal set aside the penalties imposed on the appellants under Section 112, emphasizing that penalizing them separately for goods made from smuggled parts would amount to double jeopardy. The impugned order imposing penalties was overturned. Case-Laws Customs Thu, 21 Jun 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96234