https://www.taxtmi.com/caselaws?id=340326 The Tribunal set aside the penalty imposed on the appellant under Section 114(iii) of the Customs Act, 1962 for mis-classifying products under the DEPB scheme. It found that the misstated serial number did not constitute mis-classification, rendering the penalty inapplicable. The Tribunal also determined that the customs authorities lacked jurisdiction to issue show cause notices regarding DEPB scripts. As the goods were not liable for confiscation under relevant sections, the penalties were overturned, and the appeal was allowed. en-us Wed, 01 Feb 2017 00:00:00 +0530 Mon, 20 Mar 2017 10:12:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340326 The Tribunal set aside the penalty imposed on the appellant under Section 114(iii) of the Customs Act, 1962 for mis-classifying products under the DEPB scheme. It found that the misstated serial number did not constitute mis-classification, rendering the penalty inapplicable. The Tribunal also determined that the customs authorities lacked jurisdiction to issue show cause notices regarding DEPB scripts. As the goods were not liable for confiscation under relevant sections, the penalties were overturned, and the appeal was allowed. Case-Laws Customs Wed, 01 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340326