https://www.taxtmi.com/caselaws?id=109170 The Tribunal set aside the impugned order in the case involving the confiscation of a Maruti Zen Car with redemption fine and personal penalties. The penalties imposed on the appellants for their alleged involvement in smuggling activities and the recovery of foreign currency were deemed unsustainable due to lack of corroborated evidence and reliance on retracted statements recorded under Section 108 of the Customs Act. The judgment emphasized the necessity of substantiated evidence and independent corroboration in penalty imposition cases, ultimately ruling in favor of the appellants. en-us Thu, 01 Aug 2002 00:00:00 +0530 Fri, 06 Apr 2012 13:10:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109170 The Tribunal set aside the impugned order in the case involving the confiscation of a Maruti Zen Car with redemption fine and personal penalties. The penalties imposed on the appellants for their alleged involvement in smuggling activities and the recovery of foreign currency were deemed unsustainable due to lack of corroborated evidence and reliance on retracted statements recorded under Section 108 of the Customs Act. The judgment emphasized the necessity of substantiated evidence and independent corroboration in penalty imposition cases, ultimately ruling in favor of the appellants. Case-Laws Customs Thu, 01 Aug 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109170