https://www.taxtmi.com/caselaws?id=209215 The Tribunal upheld the penalty imposed under Section 112 of the Customs Act on the appellant for involvement in misdeclaration but found the Rs.25 lakhs penalty excessive compared to a similar case, reducing it to Rs.2,00,000. Despite the appellant's contentions of being a mere local buyer, the Commissioner's findings of direct involvement were decisive. The appeal was dismissed with the modified penalty amount. en-us Tue, 08 Feb 2011 00:00:00 +0530 Fri, 26 Jul 2013 13:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209215 The Tribunal upheld the penalty imposed under Section 112 of the Customs Act on the appellant for involvement in misdeclaration but found the Rs.25 lakhs penalty excessive compared to a similar case, reducing it to Rs.2,00,000. Despite the appellant's contentions of being a mere local buyer, the Commissioner's findings of direct involvement were decisive. The appeal was dismissed with the modified penalty amount. Case-Laws Customs Tue, 08 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209215