https://www.taxtmi.com/caselaws?id=364637 The court upheld the penalty imposition under Section 112(a) of the Customs Act due to mis-declaration of imported goods, reducing the penalty amount from Rs. 1 lakh to Rs. 50,000 for each appellant. However, penalties under Section 114AA were overturned as intentional false declarations were not proven. The judgment carefully considered the provisions of the Customs Act and the facts of the case, ultimately modifying the penalties and partially allowing the appeals. en-us Wed, 11 Jul 2018 00:00:00 +0530 Thu, 02 Aug 2018 07:50:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=364637 The court upheld the penalty imposition under Section 112(a) of the Customs Act due to mis-declaration of imported goods, reducing the penalty amount from Rs. 1 lakh to Rs. 50,000 for each appellant. However, penalties under Section 114AA were overturned as intentional false declarations were not proven. The judgment carefully considered the provisions of the Customs Act and the facts of the case, ultimately modifying the penalties and partially allowing the appeals. Case-Laws Customs Wed, 11 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=364637