https://www.taxtmi.com/caselaws?id=210373 The Tribunal set aside the order confiscating goods and imposing penalties under Section 111(d) of the Customs Act. The dispute over the imported cargo's nature, whether SKO or ATF, was resolved in favor of the importers. Allegations of mis-declaration and contravention of law were dismissed due to insufficient evidence. The Tribunal found no liability on the importers and exporters, leading to the rejection of the Revenue's appeal. The Tribunal's decision favored the assessee, deeming the penalties unsustainable and ordering each party to bear their own costs. en-us Wed, 03 Aug 2011 00:00:00 +0530 Wed, 11 May 2016 14:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210373 The Tribunal set aside the order confiscating goods and imposing penalties under Section 111(d) of the Customs Act. The dispute over the imported cargo's nature, whether SKO or ATF, was resolved in favor of the importers. Allegations of mis-declaration and contravention of law were dismissed due to insufficient evidence. The Tribunal found no liability on the importers and exporters, leading to the rejection of the Revenue's appeal. The Tribunal's decision favored the assessee, deeming the penalties unsustainable and ordering each party to bear their own costs. Case-Laws Customs Wed, 03 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210373