https://www.taxtmi.com/caselaws?id=202497 The Appellate Tribunal upheld the Commissioner (Appeals)' decision and dismissed the Revenue's appeal regarding the illicit import of Nepali cigarettes. The Tribunal clarified that the penalty under Section 112 of the Customs Act is an upper limit, not a minimum, based on the value of the goods or duty sought to be evaded. This interpretation was supported by a previous Tribunal decision. Consequently, the Tribunal found no merit in the Revenue's appeal and upheld the original penalty of Rs. 4,500, emphasizing that the prescribed penalty is a maximum limit. en-us Thu, 19 Aug 2010 00:00:00 +0530 Wed, 30 Mar 2011 09:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202497 The Appellate Tribunal upheld the Commissioner (Appeals)' decision and dismissed the Revenue's appeal regarding the illicit import of Nepali cigarettes. The Tribunal clarified that the penalty under Section 112 of the Customs Act is an upper limit, not a minimum, based on the value of the goods or duty sought to be evaded. This interpretation was supported by a previous Tribunal decision. Consequently, the Tribunal found no merit in the Revenue's appeal and upheld the original penalty of Rs. 4,500, emphasizing that the prescribed penalty is a maximum limit. Case-Laws Customs Thu, 19 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202497