https://www.taxtmi.com/caselaws?id=277686 The Tribunal set aside the impugned orders imposing penalties under section 114 of the Customs Act on appellants for alleged suppression and misdeclaration in export of goods under the DFIA scheme. It emphasized adherence to Customs Act provisions and the necessity of compliance, questioning the retrospective application of norms committee decisions. The Tribunal found the penalties unwarranted without sustained confiscation, leading to the allowance of the appeals. en-us Fri, 16 Mar 2018 00:00:00 +0530 Sat, 22 Feb 2020 11:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277686 The Tribunal set aside the impugned orders imposing penalties under section 114 of the Customs Act on appellants for alleged suppression and misdeclaration in export of goods under the DFIA scheme. It emphasized adherence to Customs Act provisions and the necessity of compliance, questioning the retrospective application of norms committee decisions. The Tribunal found the penalties unwarranted without sustained confiscation, leading to the allowance of the appeals. Case-Laws Customs Fri, 16 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277686