https://www.taxtmi.com/caselaws?id=239419 The Appellate Tribunal CESTAT BANGALORE found the appellant failed to establish a strong defense against the penalty of Rs. 8,00,000 imposed under Section 114 of the Customs Act for illegal export of red sanders wood logs. However, the Tribunal deemed the penalty amount excessive and directed the appellant to predeposit Rs. 50,000 within six weeks for a waiver and stay on the balance pending further investigation and hearing, acknowledging the need for a detailed examination of the appellant's involvement in the cargo substitution during the final hearing stage. en-us Wed, 20 Feb 2013 00:00:00 +0530 Wed, 13 Nov 2013 10:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239419 The Appellate Tribunal CESTAT BANGALORE found the appellant failed to establish a strong defense against the penalty of Rs. 8,00,000 imposed under Section 114 of the Customs Act for illegal export of red sanders wood logs. However, the Tribunal deemed the penalty amount excessive and directed the appellant to predeposit Rs. 50,000 within six weeks for a waiver and stay on the balance pending further investigation and hearing, acknowledging the need for a detailed examination of the appellant's involvement in the cargo substitution during the final hearing stage. Case-Laws Customs Wed, 20 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239419