https://www.taxtmi.com/caselaws?id=118257 The tribunal dismissed the appeal, upholding the penalty imposed on the appellant for violating Customs Act provisions. The penalty under Section 114 of the Customs Act was deemed just and appropriate due to the appellant's failure to declare the full amount of foreign exchange and evidence of mala-fide intent. The judgment emphasized the legal obligation to declare foreign exchange at customs barriers and immigration points, with no grounds found for interference in the penalty imposition based on the appellant's actions and evidence presented. en-us Wed, 17 May 2006 00:00:00 +0530 Fri, 29 Jun 2012 15:19:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118257 The tribunal dismissed the appeal, upholding the penalty imposed on the appellant for violating Customs Act provisions. The penalty under Section 114 of the Customs Act was deemed just and appropriate due to the appellant's failure to declare the full amount of foreign exchange and evidence of mala-fide intent. The judgment emphasized the legal obligation to declare foreign exchange at customs barriers and immigration points, with no grounds found for interference in the penalty imposition based on the appellant's actions and evidence presented. Case-Laws Customs Wed, 17 May 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118257