https://www.taxtmi.com/caselaws?id=1700 The Appellate Tribunal CESTAT, Bangalore, ruled in favor of the clearing agent, waiving the penalty of Rs. 2 lakhs imposed under Section 112(a) of the Customs Act. The Tribunal emphasized the revenue's obligation to prove undervaluation by the importer and clarified that mere knowledge of lower-priced imports does not amount to abetment. It concluded that there was insufficient evidence of connivance or abetment by the appellant, granting a stay on recovery during the appeal's pendency. en-us Thu, 05 Apr 2007 00:00:00 +0530 Tue, 15 Apr 2008 09:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1700 The Appellate Tribunal CESTAT, Bangalore, ruled in favor of the clearing agent, waiving the penalty of Rs. 2 lakhs imposed under Section 112(a) of the Customs Act. The Tribunal emphasized the revenue's obligation to prove undervaluation by the importer and clarified that mere knowledge of lower-priced imports does not amount to abetment. It concluded that there was insufficient evidence of connivance or abetment by the appellant, granting a stay on recovery during the appeal's pendency. Case-Laws Customs Thu, 05 Apr 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1700