https://www.taxtmi.com/caselaws?id=357799 The Tribunal set aside the penalty imposed on the appellant under Section 112 of the Customs Act, 1962, amounting to Rs. 5 lakhs, as it was solely based on a co-noticee's statement without additional evidence. Relying only on the co-noticee's statement was deemed insufficient, and the lack of corroborative evidence rendered the penalty unsustainable. The Tribunal allowed the appeal, granting any consequential relief to the appellant in accordance with the law. The judgment was delivered on 09.03.2018. en-us Fri, 09 Mar 2018 00:00:00 +0530 Mon, 10 Sep 2018 14:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357799 The Tribunal set aside the penalty imposed on the appellant under Section 112 of the Customs Act, 1962, amounting to Rs. 5 lakhs, as it was solely based on a co-noticee's statement without additional evidence. Relying only on the co-noticee's statement was deemed insufficient, and the lack of corroborative evidence rendered the penalty unsustainable. The Tribunal allowed the appeal, granting any consequential relief to the appellant in accordance with the law. The judgment was delivered on 09.03.2018. Case-Laws Customs Fri, 09 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357799