https://www.taxtmi.com/caselaws?id=117545 The Appellate Tribunal CESTAT, Mumbai set aside a personal penalty of Rs. 2,00,000 imposed under Section 114 of the Customs Act on the appellant for mis-declaration of exported goods to gain undue benefits under the DEPB Scheme. Relying on a Supreme Court decision, the Tribunal held that penalties under Section 113(d) are for prohibited goods, not goods like those in this case, which were not prohibited for export. The appellant's appeal was allowed, and consequential relief was granted, emphasizing the correct interpretation of penalty provisions under the Customs Act in cases of mis-declaration for export benefits. en-us Tue, 21 Mar 2006 00:00:00 +0530 Sat, 23 Jun 2012 13:22:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117545 The Appellate Tribunal CESTAT, Mumbai set aside a personal penalty of Rs. 2,00,000 imposed under Section 114 of the Customs Act on the appellant for mis-declaration of exported goods to gain undue benefits under the DEPB Scheme. Relying on a Supreme Court decision, the Tribunal held that penalties under Section 113(d) are for prohibited goods, not goods like those in this case, which were not prohibited for export. The appellant's appeal was allowed, and consequential relief was granted, emphasizing the correct interpretation of penalty provisions under the Customs Act in cases of mis-declaration for export benefits. Case-Laws Customs Tue, 21 Mar 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117545