https://www.taxtmi.com/caselaws?id=363236 The appeal against the penalty imposed under Section 114(i) of the Customs Act, 1962 for smuggling Red Sanders Wood concealed under Marble Chips was partially successful. The penalty amount of Rs. 25 Lakhs was reduced to Rs. 15,00,000.00 by the Appellate Tribunal CESTAT Kolkata. The appellant's arguments regarding lack of proper hearing, violation of natural justice, and excessive penalty compared to co-accused were considered, leading to a reduction in the penalty imposed. The judgment emphasizes the importance of evidence, natural justice principles, and equitable penalty imposition in customs violation cases. en-us Thu, 26 Apr 2018 00:00:00 +0530 Sat, 22 Jun 2019 12:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363236 The appeal against the penalty imposed under Section 114(i) of the Customs Act, 1962 for smuggling Red Sanders Wood concealed under Marble Chips was partially successful. The penalty amount of Rs. 25 Lakhs was reduced to Rs. 15,00,000.00 by the Appellate Tribunal CESTAT Kolkata. The appellant's arguments regarding lack of proper hearing, violation of natural justice, and excessive penalty compared to co-accused were considered, leading to a reduction in the penalty imposed. The judgment emphasizes the importance of evidence, natural justice principles, and equitable penalty imposition in customs violation cases. Case-Laws Customs Thu, 26 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363236