https://www.taxtmi.com/caselaws?id=347926 The appeal involved the confiscation of Red Sanders under the Customs Act, 1962, with a penalty of Rs. 25,00,000 imposed on the appellant. Despite the appellant's defense of informing authorities about the missing container, the penalty was upheld due to fraudulent involvement in an illicit export scheme. The penalty amount was reduced to Rs. 15,00,000 on appeal, emphasizing the appellant's liability under Section 114 (i) of the Customs Act, 1962. en-us Thu, 31 Aug 2017 00:00:00 +0530 Thu, 14 Sep 2017 07:42:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347926 The appeal involved the confiscation of Red Sanders under the Customs Act, 1962, with a penalty of Rs. 25,00,000 imposed on the appellant. Despite the appellant's defense of informing authorities about the missing container, the penalty was upheld due to fraudulent involvement in an illicit export scheme. The penalty amount was reduced to Rs. 15,00,000 on appeal, emphasizing the appellant's liability under Section 114 (i) of the Customs Act, 1962. Case-Laws Customs Thu, 31 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347926