https://www.taxtmi.com/caselaws?id=361768 The penalties imposed on M/S. Point 2 Point Logistics India Pvt. Ltd. and its Managing Director for mis-declaration of exported goods were addressed in this case. The company was penalized under Section 114 (i) of the Customs Act, 1962, with a reduced penalty of Rs. 7.00 Lakhs due to lack of awareness about export restrictions. The penalty under Section 114 AA was set aside following a precedent, and the penalty on the Managing Director was deemed unjustified and subsequently set aside. Both appeals were allowed, resulting in the reduction and dismissal of penalties based on the circumstances presented. en-us Fri, 16 Mar 2018 00:00:00 +0530 Thu, 14 Jun 2018 07:03:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361768 The penalties imposed on M/S. Point 2 Point Logistics India Pvt. Ltd. and its Managing Director for mis-declaration of exported goods were addressed in this case. The company was penalized under Section 114 (i) of the Customs Act, 1962, with a reduced penalty of Rs. 7.00 Lakhs due to lack of awareness about export restrictions. The penalty under Section 114 AA was set aside following a precedent, and the penalty on the Managing Director was deemed unjustified and subsequently set aside. Both appeals were allowed, resulting in the reduction and dismissal of penalties based on the circumstances presented. Case-Laws Customs Fri, 16 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361768