https://www.taxtmi.com/caselaws?id=239068 The Tribunal allowed all appeals, ruling in favor of the appellant. It clarified the interpretation of Circular No. 128/95-Cus., the responsibilities of custodians under the Customs Act, the limitations on penalty imposition based on circular guidelines, and the distinction between private and public sector warehouses. The Tribunal emphasized the need for Commissioner approval for custodians and highlighted that penal consequences should not be automatically imposed based on circular guidelines, ultimately finding no prejudice to the Revenue by the appellant. en-us Fri, 29 Mar 2013 00:00:00 +0530 Sat, 02 Nov 2013 12:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239068 The Tribunal allowed all appeals, ruling in favor of the appellant. It clarified the interpretation of Circular No. 128/95-Cus., the responsibilities of custodians under the Customs Act, the limitations on penalty imposition based on circular guidelines, and the distinction between private and public sector warehouses. The Tribunal emphasized the need for Commissioner approval for custodians and highlighted that penal consequences should not be automatically imposed based on circular guidelines, ultimately finding no prejudice to the Revenue by the appellant. Case-Laws Customs Fri, 29 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239068