https://www.taxtmi.com/caselaws?id=285751 The Tribunal set aside penalties imposed on various appellants, including M/s Shakti Jewellers Pvt. Ltd. and individuals, due to lack of evidence linking them to fraudulent activities. Penalties under Customs Act sections 112, 114, and 114AA were overturned as appellants lacked knowledge of goods' liability to confiscation. The importance of cross-examination of witnesses was emphasized, citing precedents. Foreign entities like M/s Mahesh & Co. Pte. Ltd. were found not subject to Customs Act penalties due to territorial jurisdiction limitations. The Tribunal directed the return of seized gold jewelry to M/s Mahesh & Co. Pte. Ltd. Appeals were allowed, and penalties were set aside, with consequential relief granted to appellants. en-us Thu, 12 Sep 2019 00:00:00 +0530 Fri, 24 Jan 2020 08:35:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285751 The Tribunal set aside penalties imposed on various appellants, including M/s Shakti Jewellers Pvt. Ltd. and individuals, due to lack of evidence linking them to fraudulent activities. Penalties under Customs Act sections 112, 114, and 114AA were overturned as appellants lacked knowledge of goods' liability to confiscation. The importance of cross-examination of witnesses was emphasized, citing precedents. Foreign entities like M/s Mahesh & Co. Pte. Ltd. were found not subject to Customs Act penalties due to territorial jurisdiction limitations. The Tribunal directed the return of seized gold jewelry to M/s Mahesh & Co. Pte. Ltd. Appeals were allowed, and penalties were set aside, with consequential relief granted to appellants. Case-Laws Customs Thu, 12 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285751