https://www.taxtmi.com/caselaws?id=368608 The court upheld the imposition of penalties under Section 114AA of the Customs Act, 1962, on the appellant, an importer, for attempting to validate a questionable transaction through a re-export application to a non-existent company. The penalties were deemed justified as they were based on events post the insertion of Section 114AA, indicating fraudulent actions by the appellant. The court dismissed the appeal, affirming the legality of the penalty imposition and emphasizing the appellant's deceptive conduct in the transaction. en-us Tue, 18 Sep 2018 00:00:00 +0530 Wed, 20 Mar 2019 16:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368608 The court upheld the imposition of penalties under Section 114AA of the Customs Act, 1962, on the appellant, an importer, for attempting to validate a questionable transaction through a re-export application to a non-existent company. The penalties were deemed justified as they were based on events post the insertion of Section 114AA, indicating fraudulent actions by the appellant. The court dismissed the appeal, affirming the legality of the penalty imposition and emphasizing the appellant's deceptive conduct in the transaction. Case-Laws Customs Tue, 18 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368608