https://www.taxtmi.com/caselaws?id=335928 The appellate tribunal set aside the penalty of &8377; 25,000 imposed on the appellant under section 112(b) of the Customs Act 1962 for purchasing an undervalued superbike imported by another party. The tribunal found no evidence implicating the appellant in the undervaluation or illegal import, leading to the decision to overturn the penalty. en-us Fri, 23 Sep 2016 00:00:00 +0530 Wed, 07 Feb 2018 12:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335928 The appellate tribunal set aside the penalty of &8377; 25,000 imposed on the appellant under section 112(b) of the Customs Act 1962 for purchasing an undervalued superbike imported by another party. The tribunal found no evidence implicating the appellant in the undervaluation or illegal import, leading to the decision to overturn the penalty. Case-Laws Customs Fri, 23 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335928