https://www.taxtmi.com/caselaws?id=328308 The Court dismissed the petition challenging penalties imposed under Section 112 of the Customs Act, 1962, due to significant delay of about 25 years in filing the petition. The petitioners' explanations for the delay, citing liquidation proceedings and Department communications, were deemed unsatisfactory. The Court emphasized the lack of diligence in pursuing statutory remedies and highlighted the need for satisfactory explanations for condoning delays. The petitioners' argument of being left remediless was rejected, and the Court declined to impose costs, finding the justifications for the delay inadequate. en-us Mon, 02 May 2016 00:00:00 +0530 Mon, 13 Feb 2017 11:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328308 The Court dismissed the petition challenging penalties imposed under Section 112 of the Customs Act, 1962, due to significant delay of about 25 years in filing the petition. The petitioners' explanations for the delay, citing liquidation proceedings and Department communications, were deemed unsatisfactory. The Court emphasized the lack of diligence in pursuing statutory remedies and highlighted the need for satisfactory explanations for condoning delays. The petitioners' argument of being left remediless was rejected, and the Court declined to impose costs, finding the justifications for the delay inadequate. Case-Laws Central Excise Mon, 02 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328308