https://www.taxtmi.com/caselaws?id=125459 The Tribunal set aside the penalty imposed under Section 114A of the Customs Act, while confirming the duty and interest demand of Rs. 48,72,679. The appellant, although liable for the duty demand, was deemed not responsible for the penalty due to their genuine belief in the validity of the DEPB scheme and lack of awareness regarding the fake release advices. The Tribunal considered the appellant as a victim of circumstances and allowed the appeal to the extent of overturning the penalty imposition. en-us Tue, 17 Feb 2009 00:00:00 +0530 Thu, 25 Oct 2012 13:21:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=125459 The Tribunal set aside the penalty imposed under Section 114A of the Customs Act, while confirming the duty and interest demand of Rs. 48,72,679. The appellant, although liable for the duty demand, was deemed not responsible for the penalty due to their genuine belief in the validity of the DEPB scheme and lack of awareness regarding the fake release advices. The Tribunal considered the appellant as a victim of circumstances and allowed the appeal to the extent of overturning the penalty imposition. Case-Laws Customs Tue, 17 Feb 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=125459