https://www.taxtmi.com/caselaws?id=241428 The Tribunal allowed the appeal, ruling that the penalty under Sec. 117 of the Customs Act 1962 could not be imposed for the delayed export of containers covered by the bond executed under Notification No.104/1994-Cus. As the containers were eventually exported, duty demand was set aside, and no specific provision of the Customs Act 1962 was contravened, the penalty was deemed unjustified. The Tribunal emphasized that penalties can only be imposed for contraventions of explicit provisions of the Act, leading to the dismissal of the penalty imposed by the lower authority. en-us Wed, 13 Nov 2013 00:00:00 +0530 Mon, 01 Jun 2015 18:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241428 The Tribunal allowed the appeal, ruling that the penalty under Sec. 117 of the Customs Act 1962 could not be imposed for the delayed export of containers covered by the bond executed under Notification No.104/1994-Cus. As the containers were eventually exported, duty demand was set aside, and no specific provision of the Customs Act 1962 was contravened, the penalty was deemed unjustified. The Tribunal emphasized that penalties can only be imposed for contraventions of explicit provisions of the Act, leading to the dismissal of the penalty imposed by the lower authority. Case-Laws Customs Wed, 13 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241428