https://www.taxtmi.com/caselaws?id=327208 The Tribunal upheld the Commissioner of Customs (Appeals) decision to reduce the penalty imposed on the appellant from Rs. 5 lakhs to Rs. 10,000 based on the settlement order reached with other parties involved in the mis-declaration of imported goods. Despite the appellant's argument citing the S.K. Colombowala judgment, the Tribunal found the appellant's involvement in the illegal import established, leading to the penalty reduction in line with the treatment given to settled parties. The appeal was dismissed, affirming the reduction of penalty by the Commissioner. en-us Tue, 29 Mar 2016 00:00:00 +0530 Thu, 10 Nov 2016 14:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327208 The Tribunal upheld the Commissioner of Customs (Appeals) decision to reduce the penalty imposed on the appellant from Rs. 5 lakhs to Rs. 10,000 based on the settlement order reached with other parties involved in the mis-declaration of imported goods. Despite the appellant's argument citing the S.K. Colombowala judgment, the Tribunal found the appellant's involvement in the illegal import established, leading to the penalty reduction in line with the treatment given to settled parties. The appeal was dismissed, affirming the reduction of penalty by the Commissioner. Case-Laws Customs Tue, 29 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327208