https://www.taxtmi.com/caselaws?id=260068 The Tribunal allowed the appeals, finding that penalties imposed under Regulation 5 of the Customs Regulations 2011 were not appropriate and should have been imposed under Section 117 of the Customs Act 1962. The Tribunal emphasized the importance of granting extensions for filing documents and noted the absence of mala fide intention on the part of the importer. As the Revenue did not appeal the First Appellate Authority's decision, the penalties under Regulation 5 were rejected. The appellants were granted relief accordingly. en-us Tue, 05 May 2015 00:00:00 +0530 Fri, 12 Feb 2016 15:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260068 The Tribunal allowed the appeals, finding that penalties imposed under Regulation 5 of the Customs Regulations 2011 were not appropriate and should have been imposed under Section 117 of the Customs Act 1962. The Tribunal emphasized the importance of granting extensions for filing documents and noted the absence of mala fide intention on the part of the importer. As the Revenue did not appeal the First Appellate Authority's decision, the penalties under Regulation 5 were rejected. The appellants were granted relief accordingly. Case-Laws Customs Tue, 05 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260068