https://www.taxtmi.com/caselaws?id=383363 The Tribunal reduced penalties imposed on a shipping company, M/s Perma Shipping Line (I) Pvt. Ltd., for its role in a smuggling case involving Red Sanders concealed as machinery parts. Despite involvement, the company's lack of active participation in the smuggling led to a significant reduction in penalties, aligning with a previous judgment involving a freight forwarder. The Tribunal emphasized proportionality in penalty imposition, considering the gravity of the offense and the level of involvement of the parties. The penalty on the company was reduced from &8377; 130.00 lakhs to &8377; 1.00 lakh, showcasing a balanced approach in penalizing entities in smuggling cases. en-us Wed, 08 May 2019 00:00:00 +0530 Mon, 22 Jul 2019 08:20:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383363 The Tribunal reduced penalties imposed on a shipping company, M/s Perma Shipping Line (I) Pvt. Ltd., for its role in a smuggling case involving Red Sanders concealed as machinery parts. Despite involvement, the company's lack of active participation in the smuggling led to a significant reduction in penalties, aligning with a previous judgment involving a freight forwarder. The Tribunal emphasized proportionality in penalty imposition, considering the gravity of the offense and the level of involvement of the parties. The penalty on the company was reduced from &8377; 130.00 lakhs to &8377; 1.00 lakh, showcasing a balanced approach in penalizing entities in smuggling cases. Case-Laws Customs Wed, 08 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383363