https://www.taxtmi.com/caselaws?id=247709 The Tribunal set aside the penalty imposed under section 114AA of the Customs Act, 1962, in favor of the appellant. It was found that the relevant provision was not in force at the time of import, rendering the penalty unsustainable. The appellant's argument regarding the timing of import and enactment of statutory provisions was upheld, leading to the disposal of the appeal in the appellant's favor. en-us Wed, 16 Apr 2014 00:00:00 +0530 Tue, 20 May 2014 18:48:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247709 The Tribunal set aside the penalty imposed under section 114AA of the Customs Act, 1962, in favor of the appellant. It was found that the relevant provision was not in force at the time of import, rendering the penalty unsustainable. The appellant's argument regarding the timing of import and enactment of statutory provisions was upheld, leading to the disposal of the appeal in the appellant's favor. Case-Laws Customs Wed, 16 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247709