https://www.taxtmi.com/caselaws?id=292321 The penalty imposed under section 112(a) of the Customs Act, 1962 on the appellant, M/s NYK Line (India) Limited, for violating provisions of the Foreign Trade Policy was challenged. The appellant imported goods that could not be registered under the Motor Vehicles Act, 1988 in India and sought re-export. Despite the goods being liable to confiscation, no fine was imposed. The court found no evidence of intent to misuse or conceal the goods and concluded that the penalty was unjustified. The penalty was set aside, and the appeal was allowed. en-us Wed, 29 Jan 2020 00:00:00 +0530 Sat, 19 Dec 2020 06:17:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292321 The penalty imposed under section 112(a) of the Customs Act, 1962 on the appellant, M/s NYK Line (India) Limited, for violating provisions of the Foreign Trade Policy was challenged. The appellant imported goods that could not be registered under the Motor Vehicles Act, 1988 in India and sought re-export. Despite the goods being liable to confiscation, no fine was imposed. The court found no evidence of intent to misuse or conceal the goods and concluded that the penalty was unjustified. The penalty was set aside, and the appeal was allowed. Case-Laws Customs Wed, 29 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292321