https://www.taxtmi.com/caselaws?id=2726 The tribunal upheld a duty demand of Rs. 5,00,225 on imported polyester diverted in the local market, imposing personal penalties under Sections 112 and 114A of the Customs Act. The Commissioner (Appeals) reduced the appellant's penalty to Rs. 1.25 lakhs. Despite a typographical error in penalty sections, the tribunal emphasized the substance of allegations. The appellant's plea for further reduction was rejected, and the Revenue's appeal for penalty enhancement was dismissed. Both appeals were rejected, affirming the duty demand and penalties as justified based on evidence and legal provisions cited. en-us Tue, 16 Oct 2007 00:00:00 +0530 Wed, 16 Apr 2008 10:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2726 The tribunal upheld a duty demand of Rs. 5,00,225 on imported polyester diverted in the local market, imposing personal penalties under Sections 112 and 114A of the Customs Act. The Commissioner (Appeals) reduced the appellant's penalty to Rs. 1.25 lakhs. Despite a typographical error in penalty sections, the tribunal emphasized the substance of allegations. The appellant's plea for further reduction was rejected, and the Revenue's appeal for penalty enhancement was dismissed. Both appeals were rejected, affirming the duty demand and penalties as justified based on evidence and legal provisions cited. Case-Laws Customs Tue, 16 Oct 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2726