https://www.taxtmi.com/caselaws?id=113268 The appeal against the penalty imposed under Section 112 of the Customs Act was successful as the court found contradictions in statements and a lack of evidence linking the appellants to the seized currency. The adjudicating authority acknowledged inconsistencies in statements and the absence of concrete evidence establishing the appellants' involvement. Consequently, the penalty of Rs. 10 lakhs was set aside, emphasizing the necessity of clear evidence and consistency in statements to uphold penalties in customs cases. en-us Thu, 01 Jan 2004 00:00:00 +0530 Fri, 04 May 2012 16:28:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113268 The appeal against the penalty imposed under Section 112 of the Customs Act was successful as the court found contradictions in statements and a lack of evidence linking the appellants to the seized currency. The adjudicating authority acknowledged inconsistencies in statements and the absence of concrete evidence establishing the appellants' involvement. Consequently, the penalty of Rs. 10 lakhs was set aside, emphasizing the necessity of clear evidence and consistency in statements to uphold penalties in customs cases. Case-Laws Customs Thu, 01 Jan 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113268