https://www.taxtmi.com/caselaws?id=170067 The Tribunal determined that M/s. I.C. Gandhi Texturising Industries Ltd. (ICGTI) was the importer liable for customs duty as they held themselves out as the importer by filing the ex-bond bill of entry. Penalties under Section 112 of the Customs Act were set aside as there was no finding that the goods were liable for confiscation. Ownership of the goods remained with ICGTI at the time of filing the bill of entry. Duty demand and interest were confirmed against ICGTI due to fake REP licenses. The Commissioner's observations on duty evasion were upheld, but penalties under Section 112 were overturned. en-us Wed, 01 May 2013 00:00:00 +0530 Fri, 15 May 2015 14:50:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=170067 The Tribunal determined that M/s. I.C. Gandhi Texturising Industries Ltd. (ICGTI) was the importer liable for customs duty as they held themselves out as the importer by filing the ex-bond bill of entry. Penalties under Section 112 of the Customs Act were set aside as there was no finding that the goods were liable for confiscation. Ownership of the goods remained with ICGTI at the time of filing the bill of entry. Duty demand and interest were confirmed against ICGTI due to fake REP licenses. The Commissioner's observations on duty evasion were upheld, but penalties under Section 112 were overturned. Case-Laws Customs Wed, 01 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=170067