https://www.taxtmi.com/caselaws?id=115764 The Tribunal, comprising Ms. Jyoti Balasundaram and Shri Moheb Ali M., granted relief to the appellants by waiving the pre-deposit of penalties totaling Rs. 6.00 lakhs imposed on a company and its director following an order of confiscation of goods by the Commissioner of Central Excise & Customs, Surat-I. The Tribunal found merit in the appellants' argument that penalties could not be imposed under Section 114 when goods were not liable to confiscation under Section 113, relying on a precedent. The decision highlights the importance of legal precedent in interpreting relevant sections of the law and ensuring fairness in penalty imposition. en-us Mon, 01 Nov 2004 00:00:00 +0530 Fri, 01 Jun 2012 17:01:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=115764 The Tribunal, comprising Ms. Jyoti Balasundaram and Shri Moheb Ali M., granted relief to the appellants by waiving the pre-deposit of penalties totaling Rs. 6.00 lakhs imposed on a company and its director following an order of confiscation of goods by the Commissioner of Central Excise & Customs, Surat-I. The Tribunal found merit in the appellants' argument that penalties could not be imposed under Section 114 when goods were not liable to confiscation under Section 113, relying on a precedent. The decision highlights the importance of legal precedent in interpreting relevant sections of the law and ensuring fairness in penalty imposition. Case-Laws Customs Mon, 01 Nov 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=115764