https://www.taxtmi.com/caselaws?id=174888 The court upheld penalties under Section 114 of the Customs Act, 1962, against the appellants for fraudulent transactions involving misdeclaration of goods and inflated values. The penalties were reduced due to the limited involvement of the individuals. The penalties were reduced to &8377; 1.5 lakhs for one appellant and &8377; 30,000 for another, with lower authorities' orders upheld with modifications. The appeals were disposed of with reduced penalties for the appellants. en-us Fri, 02 Mar 2012 00:00:00 +0530 Tue, 27 Oct 2015 14:47:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174888 The court upheld penalties under Section 114 of the Customs Act, 1962, against the appellants for fraudulent transactions involving misdeclaration of goods and inflated values. The penalties were reduced due to the limited involvement of the individuals. The penalties were reduced to &8377; 1.5 lakhs for one appellant and &8377; 30,000 for another, with lower authorities' orders upheld with modifications. The appeals were disposed of with reduced penalties for the appellants. Case-Laws Customs Fri, 02 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=174888