https://www.taxtmi.com/caselaws?id=237725 The Tribunal allowed the appellant's applications for waiver of pre-deposit of a penalty amount and stayed the recovery pending appeal. It found the appellant lacked knowledge of the improper import of a bike provided to him for a film, leading to the conclusion that penalizing under Section 112(b) of the Customs Act, 1962 was incorrect. The Tribunal emphasized considering factual circumstances and lack of knowledge in penalty imposition decisions. The stay on the operation of the impugned order was granted to prevent undue hardship during the appeal process. en-us Mon, 02 Sep 2013 00:00:00 +0530 Sat, 05 Oct 2013 10:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237725 The Tribunal allowed the appellant's applications for waiver of pre-deposit of a penalty amount and stayed the recovery pending appeal. It found the appellant lacked knowledge of the improper import of a bike provided to him for a film, leading to the conclusion that penalizing under Section 112(b) of the Customs Act, 1962 was incorrect. The Tribunal emphasized considering factual circumstances and lack of knowledge in penalty imposition decisions. The stay on the operation of the impugned order was granted to prevent undue hardship during the appeal process. Case-Laws Customs Mon, 02 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237725