https://www.taxtmi.com/caselaws?id=125388 The Tribunal upheld the confiscation of export consignments and imposition of penalties under the Customs Act, finding the appellants guilty of over-invoicing and attempting to export prohibited goods for inadmissible credit. Penalties were reduced based on legal precedents and the value of the consignments, emphasizing penalties for deliberate defiance of the law. The Tribunal interpreted 'prohibited goods' broadly, aligning with relevant laws to justify the confiscation, fines, and penalties imposed. Ultimately, fines and penalties were adjusted based on the value of the goods, maintaining the overall decision while considering appellants' challenges. en-us Wed, 24 Sep 2008 00:00:00 +0530 Tue, 23 Oct 2012 16:23:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=125388 The Tribunal upheld the confiscation of export consignments and imposition of penalties under the Customs Act, finding the appellants guilty of over-invoicing and attempting to export prohibited goods for inadmissible credit. Penalties were reduced based on legal precedents and the value of the consignments, emphasizing penalties for deliberate defiance of the law. The Tribunal interpreted 'prohibited goods' broadly, aligning with relevant laws to justify the confiscation, fines, and penalties imposed. Ultimately, fines and penalties were adjusted based on the value of the goods, maintaining the overall decision while considering appellants' challenges. Case-Laws Customs Wed, 24 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=125388