https://www.taxtmi.com/caselaws?id=182056 The Tribunal upheld penalties imposed on the appellant under Section 112 of the Customs Act, 1962 for abetting in the disposal of raw silks imported into India against license terms. Despite the appellant's arguments citing previous Tribunal decisions, the Tribunal found the penalties justified based on the Supreme Court's ruling in the Sachindananda Banerji case. The Tribunal emphasized that the appellant's actions facilitated the illegal disposal of goods, leading to a reduction in penalties to Rs. 50,000 and Rs. 10,000 in the respective cases due to mitigating factors. en-us Tue, 08 Jun 2010 00:00:00 +0530 Sat, 30 Apr 2016 16:52:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182056 The Tribunal upheld penalties imposed on the appellant under Section 112 of the Customs Act, 1962 for abetting in the disposal of raw silks imported into India against license terms. Despite the appellant's arguments citing previous Tribunal decisions, the Tribunal found the penalties justified based on the Supreme Court's ruling in the Sachindananda Banerji case. The Tribunal emphasized that the appellant's actions facilitated the illegal disposal of goods, leading to a reduction in penalties to Rs. 50,000 and Rs. 10,000 in the respective cases due to mitigating factors. Case-Laws Customs Tue, 08 Jun 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182056