https://www.taxtmi.com/caselaws?id=2627 The tribunal set aside penalties imposed on two appellants under Section 114(iii) of the Customs Act, 1962, as they had not claimed any drawback for exported goods. The tribunal found that the penalty provision did not apply since no drawback was claimed, leading to the appeals being allowed and penalties being revoked. en-us Tue, 26 Jun 2007 00:00:00 +0530 Wed, 16 Apr 2008 09:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2627 The tribunal set aside penalties imposed on two appellants under Section 114(iii) of the Customs Act, 1962, as they had not claimed any drawback for exported goods. The tribunal found that the penalty provision did not apply since no drawback was claimed, leading to the appeals being allowed and penalties being revoked. Case-Laws Customs Tue, 26 Jun 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2627