https://www.taxtmi.com/caselaws?id=341398 The Tribunal upheld penalties under Sections 112(a) and 112(b) of the Customs Act for misdeclaration of goods leading to absolute confiscation. Despite the goods being abandoned during legal proceedings, penalties of Rs. 25,000 and Rs. 5,000 were imposed on the main appellant and an individual, respectively. The decision clarified that abandonment does not exempt from penalties, emphasizing the importance of accurate declaration and exhausting legal remedies before abandonment. The judgment provides guidance on penalty imposition in cases of misdeclaration, emphasizing the consequences even if goods are abandoned during legal proceedings. en-us Thu, 13 Oct 2016 00:00:00 +0530 Wed, 07 Feb 2018 11:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341398 The Tribunal upheld penalties under Sections 112(a) and 112(b) of the Customs Act for misdeclaration of goods leading to absolute confiscation. Despite the goods being abandoned during legal proceedings, penalties of Rs. 25,000 and Rs. 5,000 were imposed on the main appellant and an individual, respectively. The decision clarified that abandonment does not exempt from penalties, emphasizing the importance of accurate declaration and exhausting legal remedies before abandonment. The judgment provides guidance on penalty imposition in cases of misdeclaration, emphasizing the consequences even if goods are abandoned during legal proceedings. Case-Laws Customs Thu, 13 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341398