https://www.taxtmi.com/caselaws?id=3932 The court quashed the revisional authority's decision and upheld the appellate authority's findings regarding the penalty imposed under Section 116 of the Customs Act, 1962. The court emphasized the peculiar characteristics of phosphoric acid and the validity of the Ullage Report in determining short landed goods. It also ruled in favor of applying the concessional rate of duty for penalty calculation. As a result, the respondents were instructed to refund the penalty amount to the petitioner within ten weeks. en-us Thu, 29 Nov 2007 00:00:00 +0530 Mon, 12 May 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3932 The court quashed the revisional authority's decision and upheld the appellate authority's findings regarding the penalty imposed under Section 116 of the Customs Act, 1962. The court emphasized the peculiar characteristics of phosphoric acid and the validity of the Ullage Report in determining short landed goods. It also ruled in favor of applying the concessional rate of duty for penalty calculation. As a result, the respondents were instructed to refund the penalty amount to the petitioner within ten weeks. Case-Laws Customs Thu, 29 Nov 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3932