https://www.taxtmi.com/caselaws?id=334115 The Tribunal upheld the imposition of penalty under Section 114A of the Customs Act, 1962 on the Appellant for mis-declaration of the country of origin in the import of Butyl Acrylate Monomer (BAM). Despite the Appellant's claim of bonafide intention in declaring Singapore as the country of origin and voluntarily approaching Customs authorities to pay the differential duty, the Tribunal found their actions not to be bonafide. Citing a similar case where penalty was confirmed for mis-declaration of country of origin, the Tribunal allowed the Appellants to discharge 25% of the penalty under specified conditions while affirming the penalty imposition. en-us Wed, 28 Sep 2016 00:00:00 +0530 Thu, 03 Nov 2016 22:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334115 The Tribunal upheld the imposition of penalty under Section 114A of the Customs Act, 1962 on the Appellant for mis-declaration of the country of origin in the import of Butyl Acrylate Monomer (BAM). Despite the Appellant's claim of bonafide intention in declaring Singapore as the country of origin and voluntarily approaching Customs authorities to pay the differential duty, the Tribunal found their actions not to be bonafide. Citing a similar case where penalty was confirmed for mis-declaration of country of origin, the Tribunal allowed the Appellants to discharge 25% of the penalty under specified conditions while affirming the penalty imposition. Case-Laws Customs Wed, 28 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334115