https://www.taxtmi.com/caselaws?id=3038 The tribunal set aside the previous order and imposed a penalty of Rs.5000 on the respondent under Section 112(b)(ii) of the Customs Act, 1962. The decision was based on the interpretation that the minimum penalty prescribed by law should be adhered to in such cases. The appeal by the Revenue was allowed, and the penalty amount was increased to comply with the statutory minimum requirement. en-us Wed, 10 Oct 2007 00:00:00 +0530 Wed, 16 Apr 2008 15:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3038 The tribunal set aside the previous order and imposed a penalty of Rs.5000 on the respondent under Section 112(b)(ii) of the Customs Act, 1962. The decision was based on the interpretation that the minimum penalty prescribed by law should be adhered to in such cases. The appeal by the Revenue was allowed, and the penalty amount was increased to comply with the statutory minimum requirement. Case-Laws Customs Wed, 10 Oct 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3038