https://www.taxtmi.com/caselaws?id=167329 The Tribunal upheld the confiscation of the vessel 'm.v. Rosario' under Section 115(1) of the Act but reduced the fine to &8377; 50,000. The owners and the Master successfully appealed against penalties imposed under Section 117, as the Tribunal found no specific rules requiring precautions by vessel owners. The decision differentiated between confiscation and penalties, ultimately ruling in favor of the appellants and providing relief by setting aside the penalties. en-us Mon, 21 Jan 1985 00:00:00 +0530 Tue, 16 Dec 2014 14:33:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=167329 The Tribunal upheld the confiscation of the vessel 'm.v. Rosario' under Section 115(1) of the Act but reduced the fine to &8377; 50,000. The owners and the Master successfully appealed against penalties imposed under Section 117, as the Tribunal found no specific rules requiring precautions by vessel owners. The decision differentiated between confiscation and penalties, ultimately ruling in favor of the appellants and providing relief by setting aside the penalties. Case-Laws Customs Mon, 21 Jan 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=167329