https://www.taxtmi.com/caselaws?id=101005 The Appellate Tribunal CEGAT, New Delhi upheld the penalty of Rs. 20,000 each imposed on the appellants under Section 112 of the Customs Act, 1962, for their involvement in the sale and purchase of smuggled gold. Despite the retraction of a co-accused's statement, the Tribunal found it to be valid evidence connecting the appellants to the contravention of customs provisions. The acquittal of an individual in criminal proceedings was deemed irrelevant to the penalty imposed, emphasizing the distinction between liability in departmental proceedings and criminal court decisions. en-us Mon, 07 Jan 2002 00:00:00 +0530 Wed, 08 Feb 2012 12:35:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101005 The Appellate Tribunal CEGAT, New Delhi upheld the penalty of Rs. 20,000 each imposed on the appellants under Section 112 of the Customs Act, 1962, for their involvement in the sale and purchase of smuggled gold. Despite the retraction of a co-accused's statement, the Tribunal found it to be valid evidence connecting the appellants to the contravention of customs provisions. The acquittal of an individual in criminal proceedings was deemed irrelevant to the penalty imposed, emphasizing the distinction between liability in departmental proceedings and criminal court decisions. Case-Laws Customs Mon, 07 Jan 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101005