https://www.taxtmi.com/caselaws?id=240737 The appellate tribunal dismissed the department's appeal regarding the imposition of a penalty under Section 112(b) of the Customs Act, 1962. The tribunal held that there is no mandatory minimum penalty of Rs. 5,000 under Section 112(b) and that the penalty of Rs. 1,000 imposed (10% of the value of goods confiscated) was sufficient, as Section 112 sets upper limits without specifying a minimum penalty. Citing precedents, the tribunal concluded that the department's appeal lacked merit and upheld the lower appellate authority's decision. en-us Wed, 01 Jun 2011 00:00:00 +0530 Wed, 11 Dec 2013 09:35:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240737 The appellate tribunal dismissed the department's appeal regarding the imposition of a penalty under Section 112(b) of the Customs Act, 1962. The tribunal held that there is no mandatory minimum penalty of Rs. 5,000 under Section 112(b) and that the penalty of Rs. 1,000 imposed (10% of the value of goods confiscated) was sufficient, as Section 112 sets upper limits without specifying a minimum penalty. Citing precedents, the tribunal concluded that the department's appeal lacked merit and upheld the lower appellate authority's decision. Case-Laws Customs Wed, 01 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240737