https://www.taxtmi.com/caselaws?id=219728 The Tribunal upheld the penalty imposition against M/s. CWC for breaching custodian appointment conditions by entering into an unauthorized agreement, imposing a reduced penalty of Rs. 1,000 under Section 117 of the Customs Act 1962. Despite the lack of mens rea, the Tribunal emphasized adherence to prescribed procedures, reducing the penalty from Rs. 1,00,000 to Rs. 1,000 to align with justice and regulatory requirements. Compliance with appointment terms within Customs Areas was underscored, even in cases of inadvertent breaches. en-us Fri, 24 Feb 2012 00:00:00 +0530 Sat, 01 Jun 2013 12:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219728 The Tribunal upheld the penalty imposition against M/s. CWC for breaching custodian appointment conditions by entering into an unauthorized agreement, imposing a reduced penalty of Rs. 1,000 under Section 117 of the Customs Act 1962. Despite the lack of mens rea, the Tribunal emphasized adherence to prescribed procedures, reducing the penalty from Rs. 1,00,000 to Rs. 1,000 to align with justice and regulatory requirements. Compliance with appointment terms within Customs Areas was underscored, even in cases of inadvertent breaches. Case-Laws Customs Fri, 24 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219728