https://www.taxtmi.com/caselaws?id=269282 The Tribunal upheld the confiscation of seized goods valued at Rs. 96,40,150/- under Sections 111(b) and (d) of the Customs Act, 1962. It found the Revenue failed to prove the smuggled nature of the goods adequately. Penalties imposed under Section 112 were modified, with some individuals' penalties set aside due to lack of knowledge or prior penalization of their firms. The remaining appellants saw reduced penalties ranging from Rs. 37,500 to Rs. 2,50,000. The appeals were disposed of accordingly. en-us Wed, 29 Jul 2015 00:00:00 +0530 Sat, 12 Dec 2015 11:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269282 The Tribunal upheld the confiscation of seized goods valued at Rs. 96,40,150/- under Sections 111(b) and (d) of the Customs Act, 1962. It found the Revenue failed to prove the smuggled nature of the goods adequately. Penalties imposed under Section 112 were modified, with some individuals' penalties set aside due to lack of knowledge or prior penalization of their firms. The remaining appellants saw reduced penalties ranging from Rs. 37,500 to Rs. 2,50,000. The appeals were disposed of accordingly. Case-Laws Customs Wed, 29 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269282