https://www.taxtmi.com/caselaws?id=4324 Penalty under section 112(b) of the Customs Act was held unsustainable where the person had not physically dealt with the imported goods and had only opened bank accounts and routed sale proceeds. The phrase "in any other manner dealing with" was read in context with the preceding words to require some physical dealing with goods liable to confiscation under section 111. The contrary reliance on sale proceeds was rejected because the provision cited for currency proceeds did not extend liability under section 112(b). en-us Thu, 03 Jan 2008 00:00:00 +0530 Thu, 26 Jun 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=4324 Penalty under section 112(b) of the Customs Act was held unsustainable where the person had not physically dealt with the imported goods and had only opened bank accounts and routed sale proceeds. The phrase "in any other manner dealing with" was read in context with the preceding words to require some physical dealing with goods liable to confiscation under section 111. The contrary reliance on sale proceeds was rejected because the provision cited for currency proceeds did not extend liability under section 112(b). Case-Laws Customs Thu, 03 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=4324