https://www.taxtmi.com/caselaws?id=217614 The Tribunal granted a 100% waiver of the pre-deposit of penalties under Section 112(a) of the Customs Act, 1962 to the applicants. The charges of siphoning money to a foreign country and mis-declaration of goods were found not sustainable. The Tribunal ruled in favor of the applicants, staying the recovery process during the appeal and providing relief based on the discrepancies in the imported goods and the acknowledgment of fault by the foreign supplier. en-us Tue, 06 Mar 2012 00:00:00 +0530 Mon, 15 Oct 2012 18:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217614 The Tribunal granted a 100% waiver of the pre-deposit of penalties under Section 112(a) of the Customs Act, 1962 to the applicants. The charges of siphoning money to a foreign country and mis-declaration of goods were found not sustainable. The Tribunal ruled in favor of the applicants, staying the recovery process during the appeal and providing relief based on the discrepancies in the imported goods and the acknowledgment of fault by the foreign supplier. Case-Laws Customs Tue, 06 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217614