https://www.taxtmi.com/caselaws?id=256379 The Tribunal set aside the penalties imposed on the appellants under Section 112 of the Customs Act for illegal imports and diversion of goods into the domestic market. It was held that penalties were not imposable for imports made through ICD, TKD, as the case had been settled by the Settlement Commission. Additionally, as the appellants were not involved in imports through Mumbai port, penalties were deemed inapplicable. The Tribunal ruled in favor of the appellants, setting aside the penalties and providing consequential relief. en-us Wed, 07 Jan 2015 00:00:00 +0530 Fri, 19 Jun 2015 18:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256379 The Tribunal set aside the penalties imposed on the appellants under Section 112 of the Customs Act for illegal imports and diversion of goods into the domestic market. It was held that penalties were not imposable for imports made through ICD, TKD, as the case had been settled by the Settlement Commission. Additionally, as the appellants were not involved in imports through Mumbai port, penalties were deemed inapplicable. The Tribunal ruled in favor of the appellants, setting aside the penalties and providing consequential relief. Case-Laws Customs Wed, 07 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256379