https://www.taxtmi.com/caselaws?id=264304 The Tribunal upheld the confiscation of 370 imported printing machines valued at Rs. 2,57,50,865 due to violations of the EXIM Policy and Customs Act. Penalties under Section 112(a) of the Customs Act were imposed on 11 importers, with appeals filed by 10 importers. Despite non-appearance of one importer, penalties were affirmed based on deliberate violations and fraudulent activities. Citing legal precedents, the Tribunal reduced penalties considering the circumstances but maintained liability for violations. The judgment modified the penalties, partially allowing the appeals and emphasizing the appellants' misconduct in importing and selling machinery against regulations. en-us Tue, 01 Sep 2015 00:00:00 +0530 Tue, 22 Sep 2015 06:55:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264304 The Tribunal upheld the confiscation of 370 imported printing machines valued at Rs. 2,57,50,865 due to violations of the EXIM Policy and Customs Act. Penalties under Section 112(a) of the Customs Act were imposed on 11 importers, with appeals filed by 10 importers. Despite non-appearance of one importer, penalties were affirmed based on deliberate violations and fraudulent activities. Citing legal precedents, the Tribunal reduced penalties considering the circumstances but maintained liability for violations. The judgment modified the penalties, partially allowing the appeals and emphasizing the appellants' misconduct in importing and selling machinery against regulations. Case-Laws Customs Tue, 01 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264304