https://www.taxtmi.com/caselaws?id=351311 The court upheld penalties under Section 112(a) of the Customs Act, 1962 against the appellants for their active involvement in the fraudulent import of mis-declared goods. Despite reducing the penalties to 5 lakhs each, the judgment emphasized the appellants' roles in the misconduct and lack of substantial gain. The decision highlighted the appellants' failure to verify documents and their facilitation of improper imports, ultimately dismissing the appeals except for the penalty reduction. en-us Wed, 11 Oct 2017 00:00:00 +0530 Thu, 23 Nov 2017 13:13:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351311 The court upheld penalties under Section 112(a) of the Customs Act, 1962 against the appellants for their active involvement in the fraudulent import of mis-declared goods. Despite reducing the penalties to 5 lakhs each, the judgment emphasized the appellants' roles in the misconduct and lack of substantial gain. The decision highlighted the appellants' failure to verify documents and their facilitation of improper imports, ultimately dismissing the appeals except for the penalty reduction. Case-Laws Customs Wed, 11 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351311