https://www.taxtmi.com/caselaws?id=284370 The High Court served notice to the parties, and the penalties imposed on the appellants for carrying gold were reduced by the CESTAT due to excessive amounts. The Court found the penalties to be excessive considering the circumstances of the appellants and reduced them. The penalties for each appellant were adjusted, with pre-deposits being taken into account in the recovery process. The appellants were directed to pay only the balance amounts, if any, after adjustment of pre-deposits for the reduced penalty amounts. en-us Mon, 04 Feb 2019 00:00:00 +0530 Thu, 14 Nov 2019 10:33:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284370 The High Court served notice to the parties, and the penalties imposed on the appellants for carrying gold were reduced by the CESTAT due to excessive amounts. The Court found the penalties to be excessive considering the circumstances of the appellants and reduced them. The penalties for each appellant were adjusted, with pre-deposits being taken into account in the recovery process. The appellants were directed to pay only the balance amounts, if any, after adjustment of pre-deposits for the reduced penalty amounts. Case-Laws Customs Mon, 04 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284370