https://www.taxtmi.com/caselaws?id=263524 An unretracted statement under Section 108 of the Customs Act, 1962 can sustain penalty under Section 114 where it is admissible and supported by surrounding circumstances. Here, the person penalised admitted using another entity's IE code and signing documents to facilitate clearance of misdeclared antiquities, and that admission was consistent with the statements of other persons involved. On that basis, the evidentiary ingredients for penalty were satisfied, and the penalty was upheld as neither excessive nor arbitrary. The appeal accordingly failed. en-us Fri, 10 Jul 2015 00:00:00 +0530 Fri, 04 Sep 2015 07:52:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263524 An unretracted statement under Section 108 of the Customs Act, 1962 can sustain penalty under Section 114 where it is admissible and supported by surrounding circumstances. Here, the person penalised admitted using another entity's IE code and signing documents to facilitate clearance of misdeclared antiquities, and that admission was consistent with the statements of other persons involved. On that basis, the evidentiary ingredients for penalty were satisfied, and the penalty was upheld as neither excessive nor arbitrary. The appeal accordingly failed. Case-Laws Customs Fri, 10 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263524