https://www.taxtmi.com/caselaws?id=405749 The appeal under Section 130 of the Customs Act, 1962, was dismissed by the HC. The Tribunal's decision to reduce the fine to Rs. 7.5 lakhs and the penalty to Rs. 1 lakh for attempted currency export was upheld. The Court found no substantial question of law, as the Tribunal acted within its discretion based on prior directions and the factual context of the case. The Revenue's reliance on a previous decision was insufficient to overturn the Tribunal's order, highlighting the case's factual nature and the Tribunal's authority to modify fines and penalties. en-us Wed, 10 Mar 2021 00:00:00 +0530 Mon, 28 Oct 2024 16:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405749 The appeal under Section 130 of the Customs Act, 1962, was dismissed by the HC. The Tribunal's decision to reduce the fine to Rs. 7.5 lakhs and the penalty to Rs. 1 lakh for attempted currency export was upheld. The Court found no substantial question of law, as the Tribunal acted within its discretion based on prior directions and the factual context of the case. The Revenue's reliance on a previous decision was insufficient to overturn the Tribunal's order, highlighting the case's factual nature and the Tribunal's authority to modify fines and penalties. Case-Laws Customs Wed, 10 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405749