https://www.taxtmi.com/caselaws?id=267448 The Tribunal partially allowed the appeal, reducing the penalty imposed on the appellant for violating post-import conditions under the Transfer of Residence Scheme related to the sale of an imported vehicle. The Tribunal found that while the sale occurred after two years of import, the transaction's consideration and delivery happened before the expiry of the two-year period, breaching scheme conditions. However, it concluded that the appellant's involvement did not constitute a deliberate violation, leading to a reduction of the penalty imposed under the Customs Act to Rs. one lakh. en-us Tue, 23 Sep 2014 00:00:00 +0530 Tue, 13 Oct 2015 10:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267448 The Tribunal partially allowed the appeal, reducing the penalty imposed on the appellant for violating post-import conditions under the Transfer of Residence Scheme related to the sale of an imported vehicle. The Tribunal found that while the sale occurred after two years of import, the transaction's consideration and delivery happened before the expiry of the two-year period, breaching scheme conditions. However, it concluded that the appellant's involvement did not constitute a deliberate violation, leading to a reduction of the penalty imposed under the Customs Act to Rs. one lakh. Case-Laws Customs Tue, 23 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267448