https://www.taxtmi.com/caselaws?id=404846 The court upheld the Tribunal's decision, ruling in favor of the respondent in a case involving the interpretation of Section 114A of the Customs Act, 1962. The court clarified that penalties under Section 114A should be imposed separately for duty or interest, rejecting the revenue's argument to combine them. Emphasizing the clear language of the Act, the court determined that 'or' in the provision indicated distinct situations. The court also highlighted that a Circular by CBEC cannot override the statutory language. Consequently, the court dismissed the revenue's appeal. en-us Wed, 10 Feb 2021 00:00:00 +0530 Tue, 27 Jul 2021 15:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404846 The court upheld the Tribunal's decision, ruling in favor of the respondent in a case involving the interpretation of Section 114A of the Customs Act, 1962. The court clarified that penalties under Section 114A should be imposed separately for duty or interest, rejecting the revenue's argument to combine them. Emphasizing the clear language of the Act, the court determined that 'or' in the provision indicated distinct situations. The court also highlighted that a Circular by CBEC cannot override the statutory language. Consequently, the court dismissed the revenue's appeal. Case-Laws Customs Wed, 10 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404846