https://www.taxtmi.com/caselaws?id=262372 The Supreme Court modified the penalty imposed under Section 114A of the Customs Act, 1962, by enhancing it to 50% of the duty amount. The Court disagreed with the Tribunal's decision to reduce the penalty to less than 25% due to contravention occurring after a specific date. The duty, confiscation order, and redemption fine were upheld. en-us Mon, 27 Apr 2015 00:00:00 +0530 Sat, 08 Aug 2015 12:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262372 The Supreme Court modified the penalty imposed under Section 114A of the Customs Act, 1962, by enhancing it to 50% of the duty amount. The Court disagreed with the Tribunal's decision to reduce the penalty to less than 25% due to contravention occurring after a specific date. The duty, confiscation order, and redemption fine were upheld. Case-Laws Customs Mon, 27 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262372