https://www.taxtmi.com/caselaws?id=153043 The Tribunal overturned penalties imposed on company officials and a cargo agency in a case involving overvalued imports and fund parking abroad. Penalties were set aside due to lack of evidence establishing direct involvement in the alleged illegal activities, leading to confiscation of goods and levy of duty. The Tribunal found insufficient proof of knowledge or abetment in the over-invoicing scheme, ultimately allowing the appeals and reversing the penalties imposed by the Commissioner of Customs. en-us Tue, 12 May 2009 00:00:00 +0530 Tue, 16 Jul 2013 15:43:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=153043 The Tribunal overturned penalties imposed on company officials and a cargo agency in a case involving overvalued imports and fund parking abroad. Penalties were set aside due to lack of evidence establishing direct involvement in the alleged illegal activities, leading to confiscation of goods and levy of duty. The Tribunal found insufficient proof of knowledge or abetment in the over-invoicing scheme, ultimately allowing the appeals and reversing the penalties imposed by the Commissioner of Customs. Case-Laws Customs Tue, 12 May 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=153043