https://www.taxtmi.com/caselaws?id=362192 The Appellate Tribunal upheld the appellant's liability for penalties under Section 112(a) and Section 114AA of the Customs Act, 1962 for involvement in illegal TV importation. Despite reducing penalties due to goods' re-export, the appellant's significant role in the import process led to penalty reductions. The penalty under Section 112(a) decreased from Rs. 50,000 to Rs. 25,000, and under Section 114AA from Rs. 1,50,000 to Rs. 50,000. The Tribunal acknowledged the appellant's involvement but mitigated penalties based on re-exportation and legal precedents. en-us Thu, 17 May 2018 00:00:00 +0530 Thu, 21 Jun 2018 06:22:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362192 The Appellate Tribunal upheld the appellant's liability for penalties under Section 112(a) and Section 114AA of the Customs Act, 1962 for involvement in illegal TV importation. Despite reducing penalties due to goods' re-export, the appellant's significant role in the import process led to penalty reductions. The penalty under Section 112(a) decreased from Rs. 50,000 to Rs. 25,000, and under Section 114AA from Rs. 1,50,000 to Rs. 50,000. The Tribunal acknowledged the appellant's involvement but mitigated penalties based on re-exportation and legal precedents. Case-Laws Customs Thu, 17 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362192