https://www.taxtmi.com/caselaws?id=104557 The appeal against the cancellation of the Private Bonded Warehouse licence and penalty imposition under Sections 58 and 117 of the Customs Act, 1962 was dismissed. The Tribunal upheld the penalties but reduced the amounts, finding the appellants guilty under the Customs Act sections. The Commissioner's decision to cancel the licence and impose a penalty of Rs. 1,000 under Section 117 was deemed legally sound, with no illegality or infirmity found. The arguments raised by the appellants regarding the cancellation of the licence without proper notice and the pending goods seizure case were considered legally unsustainable. en-us Mon, 30 Jul 2001 00:00:00 +0530 Wed, 29 Feb 2012 15:39:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104557 The appeal against the cancellation of the Private Bonded Warehouse licence and penalty imposition under Sections 58 and 117 of the Customs Act, 1962 was dismissed. The Tribunal upheld the penalties but reduced the amounts, finding the appellants guilty under the Customs Act sections. The Commissioner's decision to cancel the licence and impose a penalty of Rs. 1,000 under Section 117 was deemed legally sound, with no illegality or infirmity found. The arguments raised by the appellants regarding the cancellation of the licence without proper notice and the pending goods seizure case were considered legally unsustainable. Case-Laws Customs Mon, 30 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104557