https://www.taxtmi.com/caselaws?id=119352 The Appellate Tribunal CESTAT, Mumbai set aside the penalty imposed on the appellant under Section 112(a) and 112(b) of the Customs Act, 1962 for illicit acquisition/possession of smuggled yarn. The tribunal found no evidence linking the appellant to the shed or smuggling activities, determining that the appellant was not in physical possession of the shed during the relevant period. As there was no proof of the appellant's involvement or awareness of the illicit activities, the penalty was deemed unjustified, and the appeal was allowed in favor of the appellant. en-us Mon, 05 Dec 2005 00:00:00 +0530 Tue, 10 Jul 2012 16:08:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119352 The Appellate Tribunal CESTAT, Mumbai set aside the penalty imposed on the appellant under Section 112(a) and 112(b) of the Customs Act, 1962 for illicit acquisition/possession of smuggled yarn. The tribunal found no evidence linking the appellant to the shed or smuggling activities, determining that the appellant was not in physical possession of the shed during the relevant period. As there was no proof of the appellant's involvement or awareness of the illicit activities, the penalty was deemed unjustified, and the appeal was allowed in favor of the appellant. Case-Laws Customs Mon, 05 Dec 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119352