https://www.taxtmi.com/caselaws?id=119559 The Tribunal upheld the confiscation of goods covered by Bills of Entry under Sections 111(d) of the Customs Act, 1962, due to the import of restricted silk fabrics. However, confiscation under Section 111(n) was not upheld. Penalties imposed on the Private Limited Company were upheld for attempting to clear goods despite disputes, but penalties on individual Directors were set aside due to lack of clear findings on their involvement in justifying penalties. The company's penalty was reduced from Rs. 10.00 lakhs to Rs. 2,50,000, while penalties on Directors were completely set aside. en-us Tue, 04 Apr 2006 00:00:00 +0530 Wed, 11 Jul 2012 17:46:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119559 The Tribunal upheld the confiscation of goods covered by Bills of Entry under Sections 111(d) of the Customs Act, 1962, due to the import of restricted silk fabrics. However, confiscation under Section 111(n) was not upheld. Penalties imposed on the Private Limited Company were upheld for attempting to clear goods despite disputes, but penalties on individual Directors were set aside due to lack of clear findings on their involvement in justifying penalties. The company's penalty was reduced from Rs. 10.00 lakhs to Rs. 2,50,000, while penalties on Directors were completely set aside. Case-Laws Customs Tue, 04 Apr 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119559