https://www.taxtmi.com/caselaws?id=98800 The Tribunal affirmed the penalty imposition on the appellants for the seizure of contraband silk yarn but reduced the penalty amount to Rs. 25,000/- each. Despite doubts raised over ownership and custodian liability, the delayed production of evidence and lack of clarity regarding custody during the seizure influenced the penalty reduction decision. The appellants' lack of direct involvement proof and neighbor statements played a role in the outcome, emphasizing the importance of concrete evidence in such cases. en-us Tue, 02 Nov 1999 00:00:00 +0530 Tue, 24 Jan 2012 10:58:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98800 The Tribunal affirmed the penalty imposition on the appellants for the seizure of contraband silk yarn but reduced the penalty amount to Rs. 25,000/- each. Despite doubts raised over ownership and custodian liability, the delayed production of evidence and lack of clarity regarding custody during the seizure influenced the penalty reduction decision. The appellants' lack of direct involvement proof and neighbor statements played a role in the outcome, emphasizing the importance of concrete evidence in such cases. Case-Laws Customs Tue, 02 Nov 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98800