https://www.taxtmi.com/caselaws?id=336242 The Appellate Tribunal CESTAT MUMBAI upheld the confiscation and penalty imposed on DEPB exports by customs officers in the case involving M/s Rainbow Silks. The tribunal confirmed the jurisdiction of customs authorities to penalize mis-declared goods, emphasizing that the penalty served as a deterrent against future mis-declarations. Despite the appellant's argument that the goods were already exported and the penalty was disproportionate, the tribunal found no grounds to intervene, noting that the goods were allowed to be exported after complying with the order. The judgment was delivered on 08/07/2016 by Member (Technical) Shri C J Mathew. en-us Fri, 08 Jul 2016 00:00:00 +0530 Tue, 10 Jan 2017 12:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336242 The Appellate Tribunal CESTAT MUMBAI upheld the confiscation and penalty imposed on DEPB exports by customs officers in the case involving M/s Rainbow Silks. The tribunal confirmed the jurisdiction of customs authorities to penalize mis-declared goods, emphasizing that the penalty served as a deterrent against future mis-declarations. Despite the appellant's argument that the goods were already exported and the penalty was disproportionate, the tribunal found no grounds to intervene, noting that the goods were allowed to be exported after complying with the order. The judgment was delivered on 08/07/2016 by Member (Technical) Shri C J Mathew. Case-Laws Customs Fri, 08 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336242