https://www.taxtmi.com/caselaws?id=101101 The Tribunal set aside the personal penalty of Rs. 20,00,000/- imposed on the appellant under Sections 112(a) & (b) of the Customs Act, 1962. The penalty was deemed unjustified as the goods were not liable for confiscation following the regularization and payment of duty and interest, aligning with the legal principle that penalties cannot be imposed when goods are not subject to confiscation. The decision provided consequential relief to the appellant, emphasizing the importance of adherence to statutory provisions in penalty imposition cases. en-us Tue, 22 Jan 2002 00:00:00 +0530 Wed, 08 Feb 2012 16:31:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101101 The Tribunal set aside the personal penalty of Rs. 20,00,000/- imposed on the appellant under Sections 112(a) & (b) of the Customs Act, 1962. The penalty was deemed unjustified as the goods were not liable for confiscation following the regularization and payment of duty and interest, aligning with the legal principle that penalties cannot be imposed when goods are not subject to confiscation. The decision provided consequential relief to the appellant, emphasizing the importance of adherence to statutory provisions in penalty imposition cases. Case-Laws Customs Tue, 22 Jan 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101101