https://www.taxtmi.com/caselaws?id=398268 The Tribunal upheld the imposition of a penalty of Rs. 7,50,000 under Section 114AA of the Customs Act on the appellant, a broker in the textile cloth market, for facilitating over-invoicing by a company to fraudulently avail export benefits. The appellant's involvement in inflating the FOB value was established through evidence and corroborative statements. Despite the appellant's indirect role, the penalty was reduced from Rs. 25 lakhs to Rs. 7,50,000 considering the proportionality and mitigating factors. The judgment was delivered on 10.09.2020, granting the appellant consequential benefits as per the law. en-us Thu, 10 Sep 2020 00:00:00 +0530 Mon, 26 Jul 2021 12:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398268 The Tribunal upheld the imposition of a penalty of Rs. 7,50,000 under Section 114AA of the Customs Act on the appellant, a broker in the textile cloth market, for facilitating over-invoicing by a company to fraudulently avail export benefits. The appellant's involvement in inflating the FOB value was established through evidence and corroborative statements. Despite the appellant's indirect role, the penalty was reduced from Rs. 25 lakhs to Rs. 7,50,000 considering the proportionality and mitigating factors. The judgment was delivered on 10.09.2020, granting the appellant consequential benefits as per the law. Case-Laws Customs Thu, 10 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398268