https://www.taxtmi.com/caselaws?id=258637 The Tribunal overturned the penalty imposed on the partner of a firm for misdeclaration of imported goods under the Customs Act, 1962. The confusion regarding the correct classification of the goods, coupled with a retrospective clarification from DGFT, led to the finding that the penalty on the partner was unsustainable. As the charges against the firm were dropped, the consequential penalty on the partner was also deemed unjustified. The Tribunal allowed the appeal, providing relief in accordance with the law. en-us Tue, 23 Dec 2014 00:00:00 +0530 Thu, 16 Apr 2015 07:52:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258637 The Tribunal overturned the penalty imposed on the partner of a firm for misdeclaration of imported goods under the Customs Act, 1962. The confusion regarding the correct classification of the goods, coupled with a retrospective clarification from DGFT, led to the finding that the penalty on the partner was unsustainable. As the charges against the firm were dropped, the consequential penalty on the partner was also deemed unjustified. The Tribunal allowed the appeal, providing relief in accordance with the law. Case-Laws Customs Tue, 23 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258637