https://www.taxtmi.com/caselaws?id=256647 The appellate tribunal upheld the penalty imposition under Section 117 of the Customs Act on the bonder and directors for fraudulent clearance of bonded goods. Other noticees were exonerated due to insufficient evidence. The tribunal emphasized the necessity of concrete evidence in establishing serious offenses, leading to the dismissal of Revenue's appeals and disposal of cross-objections. Legal precedents supported the tribunal's decision, affirming the detailed findings of the adjudicating authority. en-us Mon, 06 Jan 2014 00:00:00 +0530 Wed, 18 Feb 2015 18:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256647 The appellate tribunal upheld the penalty imposition under Section 117 of the Customs Act on the bonder and directors for fraudulent clearance of bonded goods. Other noticees were exonerated due to insufficient evidence. The tribunal emphasized the necessity of concrete evidence in establishing serious offenses, leading to the dismissal of Revenue's appeals and disposal of cross-objections. Legal precedents supported the tribunal's decision, affirming the detailed findings of the adjudicating authority. Case-Laws Customs Mon, 06 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256647