https://www.taxtmi.com/caselaws?id=254733 The penalties imposed on both appellants, M/s. Wall Street Finance Ltd. and M/s. Rose Travels, under Section 114(i) of the Customs Act, 1962 for aiding and abetting smuggling of foreign currency were set aside. The court found that the lack of due diligence in verifying documents at the time of issuance, the absence of evidence proving fake passports, and the considerable time lapse before currency detection were crucial in determining the insufficiency of evidence to sustain aiding and abetting allegations. Therefore, the penalties were deemed not imposable, and the appeals were allowed. en-us Wed, 02 Apr 2014 00:00:00 +0530 Tue, 30 Dec 2014 07:56:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254733 The penalties imposed on both appellants, M/s. Wall Street Finance Ltd. and M/s. Rose Travels, under Section 114(i) of the Customs Act, 1962 for aiding and abetting smuggling of foreign currency were set aside. The court found that the lack of due diligence in verifying documents at the time of issuance, the absence of evidence proving fake passports, and the considerable time lapse before currency detection were crucial in determining the insufficiency of evidence to sustain aiding and abetting allegations. Therefore, the penalties were deemed not imposable, and the appeals were allowed. Case-Laws Customs Wed, 02 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254733