https://www.taxtmi.com/article/detailed?id=787 Penalty under Section 112 attaches to acts or omissions rendering goods liable to confiscation under Section 111, with penalties tied to goods' value, evaded duty or declared value discrepancies, and requires reasonable opportunity and appellate remedy. Where confiscation is not challenged, appellate authorities are constrained from reducing the penalty tied to that confiscation. Liability assessment for individuals and agents turns on involvement, knowledge, documentary evidence and any finding of connivance. en-us Tue, 18 May 2010 00:00:00 +0530 Thu, 06 Jan 2011 12:29:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=787 Penalty under Section 112 attaches to acts or omissions rendering goods liable to confiscation under Section 111, with penalties tied to goods' value, evaded duty or declared value discrepancies, and requires reasonable opportunity and appellate remedy. Where confiscation is not challenged, appellate authorities are constrained from reducing the penalty tied to that confiscation. Liability assessment for individuals and agents turns on involvement, knowledge, documentary evidence and any finding of connivance. Articles Customs - Import - Export - SEZ Tue, 18 May 2010 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=787