https://www.taxtmi.com/caselaws?id=98821 The penalties imposed on the first appellant were upheld at Rs. 75,000 for possessing contraband items, supported by evidence including statements and findings at his residence. The penalty on the second appellant was set aside as no contraband items were found in his possession. Confiscation of goods and personal penalties were upheld on appeal for both appellants, with ownership claims regarding seized goods not accepted. The judgment justified penalties under Section 112(b) of the Customs Act based on evidence of dealing with contraband items, leading to the reduction of the first appellant's penalty due to an overestimation of the seized goods' value. en-us Tue, 30 Nov 1999 00:00:00 +0530 Tue, 24 Jan 2012 11:40:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98821 The penalties imposed on the first appellant were upheld at Rs. 75,000 for possessing contraband items, supported by evidence including statements and findings at his residence. The penalty on the second appellant was set aside as no contraband items were found in his possession. Confiscation of goods and personal penalties were upheld on appeal for both appellants, with ownership claims regarding seized goods not accepted. The judgment justified penalties under Section 112(b) of the Customs Act based on evidence of dealing with contraband items, leading to the reduction of the first appellant's penalty due to an overestimation of the seized goods' value. Case-Laws Customs Tue, 30 Nov 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98821