https://www.taxtmi.com/caselaws?id=279173 The Tribunal upheld the decision dropping the penalty imposed on the respondent under Section 114AA of the Customs Act, 1962, for misdeclaration of goods. The Tribunal found that the respondent had purchased the goods as "Aluminium Scrap" based on documents provided by the seller, and there was no evidence to prove the respondent's knowledge of the actual contents being "Old Used Tyres." Consequently, the appeal by the Revenue was dismissed, affirming the decision in favor of the respondent. en-us Tue, 12 Sep 2017 00:00:00 +0530 Thu, 07 Mar 2019 06:33:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279173 The Tribunal upheld the decision dropping the penalty imposed on the respondent under Section 114AA of the Customs Act, 1962, for misdeclaration of goods. The Tribunal found that the respondent had purchased the goods as "Aluminium Scrap" based on documents provided by the seller, and there was no evidence to prove the respondent's knowledge of the actual contents being "Old Used Tyres." Consequently, the appeal by the Revenue was dismissed, affirming the decision in favor of the respondent. Case-Laws Customs Tue, 12 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279173