https://www.taxtmi.com/caselaws?id=357557 The Tribunal partially allowed the appeal of Shri Kamal Agarwal, imposed a reduced penalty of Rs. 1,00,000, and dismissed the appeal of Shri Harbhajan Singh Sandhu, upholding a penalty of Rs. 2,00,000 for their involvement in the fraudulent diversion of imported goods under the Duty Exemption Entitlement Scheme. Additionally, the Tribunal enhanced the penalty from Rs. 75,00,000 to Rs. 3,47,48,553, aligning it with the confirmed duty amount under Section 114A of the Customs Act, emphasizing the mandatory nature of penalties to be in accordance with statutory provisions. en-us Tue, 27 Feb 2018 00:00:00 +0530 Fri, 30 Mar 2018 18:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357557 The Tribunal partially allowed the appeal of Shri Kamal Agarwal, imposed a reduced penalty of Rs. 1,00,000, and dismissed the appeal of Shri Harbhajan Singh Sandhu, upholding a penalty of Rs. 2,00,000 for their involvement in the fraudulent diversion of imported goods under the Duty Exemption Entitlement Scheme. Additionally, the Tribunal enhanced the penalty from Rs. 75,00,000 to Rs. 3,47,48,553, aligning it with the confirmed duty amount under Section 114A of the Customs Act, emphasizing the mandatory nature of penalties to be in accordance with statutory provisions. Case-Laws Customs Tue, 27 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357557