https://www.taxtmi.com/caselaws?id=381896 The penalties imposed on two appellants under Section 117 of the Customs Act, 1962 were set aside by the Tribunal. The appellants retracted their statements, alleging coercion and lack of necessary documents during the investigation. Contradictions and discrepancies in the evidence further supported the decision to exempt the appellants from penalties. Notably, the Senior Manager and Managing Director of the company were not penalized, raising questions about the fairness of penalizing the appellants. The Tribunal found insufficient evidence to uphold the penalties, leading to the successful appeal of the appellants. en-us Thu, 20 Jun 2019 00:00:00 +0530 Fri, 21 Jun 2019 08:53:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381896 The penalties imposed on two appellants under Section 117 of the Customs Act, 1962 were set aside by the Tribunal. The appellants retracted their statements, alleging coercion and lack of necessary documents during the investigation. Contradictions and discrepancies in the evidence further supported the decision to exempt the appellants from penalties. Notably, the Senior Manager and Managing Director of the company were not penalized, raising questions about the fairness of penalizing the appellants. The Tribunal found insufficient evidence to uphold the penalties, leading to the successful appeal of the appellants. Case-Laws Customs Thu, 20 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381896