https://www.taxtmi.com/caselaws?id=266445 The Tribunal upheld penalties on the main beneficiary for the diversion of duty-free imported materials in the local market, while reducing penalties on other appellants involved in the scheme. Buyers were deemed to have knowledge of the illegal activities due to purchasing duty-free goods without proper documentation, justifying their penalties. The judgment confirmed the demand of Customs duty, interest, and penalties, emphasizing the importance of parties' knowledge and involvement in determining the extent of penalties imposed. en-us Wed, 24 Jun 2015 00:00:00 +0530 Tue, 20 Oct 2015 07:50:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266445 The Tribunal upheld penalties on the main beneficiary for the diversion of duty-free imported materials in the local market, while reducing penalties on other appellants involved in the scheme. Buyers were deemed to have knowledge of the illegal activities due to purchasing duty-free goods without proper documentation, justifying their penalties. The judgment confirmed the demand of Customs duty, interest, and penalties, emphasizing the importance of parties' knowledge and involvement in determining the extent of penalties imposed. Case-Laws Customs Wed, 24 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266445