https://www.taxtmi.com/caselaws?id=269008 The Tribunal upheld the penalty of &8377; 10 lakhs imposed on M/s. Almas Impex under Section 114AA of the Customs Act for using false documents to obtain benefits under the VKUY scheme. Despite the appellant surrendering the scrips and paying the penalty, the Tribunal deemed the penalty justified due to the seriousness of the forgery. The appellant's argument that they were not personally responsible was rejected, emphasizing the need for a deterrent penalty in cases of deliberate forgery involving false documentation. en-us Wed, 04 Nov 2015 00:00:00 +0530 Tue, 03 May 2016 18:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269008 The Tribunal upheld the penalty of &8377; 10 lakhs imposed on M/s. Almas Impex under Section 114AA of the Customs Act for using false documents to obtain benefits under the VKUY scheme. Despite the appellant surrendering the scrips and paying the penalty, the Tribunal deemed the penalty justified due to the seriousness of the forgery. The appellant's argument that they were not personally responsible was rejected, emphasizing the need for a deterrent penalty in cases of deliberate forgery involving false documentation. Case-Laws Customs Wed, 04 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269008