https://www.taxtmi.com/caselaws?id=271502 Imported fire crackers were treated as restricted goods brought in without the required licence, and the merits of the customs violation were left undisturbed. The surviving issue was only the quantum of penalty under Sections 112A and 114AA of the Customs Act, 1962. Applying parity with a connected appeal involving similar facts and comparable goods, the Tribunal held that the higher penalties imposed in the other appeals were excessive. The penalty in one appeal was upheld, while in the remaining appeals the penalties were reduced to more moderate levels. en-us Fri, 27 Nov 2015 00:00:00 +0530 Mon, 08 Feb 2016 10:02:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271502 Imported fire crackers were treated as restricted goods brought in without the required licence, and the merits of the customs violation were left undisturbed. The surviving issue was only the quantum of penalty under Sections 112A and 114AA of the Customs Act, 1962. Applying parity with a connected appeal involving similar facts and comparable goods, the Tribunal held that the higher penalties imposed in the other appeals were excessive. The penalty in one appeal was upheld, while in the remaining appeals the penalties were reduced to more moderate levels. Case-Laws Customs Fri, 27 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271502