https://www.taxtmi.com/caselaws?id=114760 The penalty imposed on the appellant under Section 112 of the Customs Act for possessing foreign origin goods without the required permit or license was reduced to Rs. 25,000. The confiscation of the goods was upheld due to lack of proof of lawful acquisition. The judgment emphasized the appellant's evident interest in the goods and the necessity for a reasonable penalty in such circumstances. en-us Wed, 08 Dec 2004 00:00:00 +0530 Sat, 19 May 2012 17:17:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114760 The penalty imposed on the appellant under Section 112 of the Customs Act for possessing foreign origin goods without the required permit or license was reduced to Rs. 25,000. The confiscation of the goods was upheld due to lack of proof of lawful acquisition. The judgment emphasized the appellant's evident interest in the goods and the necessity for a reasonable penalty in such circumstances. Case-Laws Customs Wed, 08 Dec 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114760