https://www.taxtmi.com/caselaws?id=122331 The tribunal upheld the Commissioner's decision to impose a penalty under Section 112(b) of the Customs Act, 1962 on the appellants for knowingly dealing with fake currency notes smuggled into India. The judgment emphasized the seriousness of the offense on the national economy, dismissed claims of coercion and illegal confinement, and upheld the penalty as a deterrent measure. The tribunal stressed the importance of timely responses in quasi-judicial proceedings and directed the appellants to deposit a specified amount within a set timeframe to avoid dismissal of the appeal. en-us Mon, 02 Jul 2007 00:00:00 +0530 Mon, 13 Aug 2012 10:04:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122331 The tribunal upheld the Commissioner's decision to impose a penalty under Section 112(b) of the Customs Act, 1962 on the appellants for knowingly dealing with fake currency notes smuggled into India. The judgment emphasized the seriousness of the offense on the national economy, dismissed claims of coercion and illegal confinement, and upheld the penalty as a deterrent measure. The tribunal stressed the importance of timely responses in quasi-judicial proceedings and directed the appellants to deposit a specified amount within a set timeframe to avoid dismissal of the appeal. Case-Laws Customs Mon, 02 Jul 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122331