https://www.taxtmi.com/caselaws?id=272194 The Tribunal set aside the Commissioner's order imposing a penalty of Rs. 20,000 on a Custom House Agent (CHA) for aiding undervaluation by importers. The Tribunal ruled that the CHA was not liable for the penalty as the importers settled with the Settlement Commission, following legal precedents stating that penalties cannot be imposed on co-noticees once settlement is reached with one party. The decision was based on the absence of penalties on other co-noticees and established case law principles. en-us Thu, 21 Jan 2016 00:00:00 +0530 Wed, 02 Nov 2016 14:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272194 The Tribunal set aside the Commissioner's order imposing a penalty of Rs. 20,000 on a Custom House Agent (CHA) for aiding undervaluation by importers. The Tribunal ruled that the CHA was not liable for the penalty as the importers settled with the Settlement Commission, following legal precedents stating that penalties cannot be imposed on co-noticees once settlement is reached with one party. The decision was based on the absence of penalties on other co-noticees and established case law principles. Case-Laws Customs Thu, 21 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272194