https://www.taxtmi.com/caselaws?id=410816 The Tribunal allowed the appeal, setting aside the penalty reduction from ? 10 Lakhs to ? 5 Lakhs under Section 114(i) of the Customs Act, 1962. The decision was primarily based on lack of jurisdiction in proceedings initiated by DRI Officers and the application of res judicata principles in penalty imposition. The Tribunal emphasized the significance of legal grounds and precedents in determining the validity of penalties under the Customs Act, 1962. en-us Mon, 09 Aug 2021 00:00:00 +0530 Tue, 10 Aug 2021 08:59:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410816 The Tribunal allowed the appeal, setting aside the penalty reduction from ? 10 Lakhs to ? 5 Lakhs under Section 114(i) of the Customs Act, 1962. The decision was primarily based on lack of jurisdiction in proceedings initiated by DRI Officers and the application of res judicata principles in penalty imposition. The Tribunal emphasized the significance of legal grounds and precedents in determining the validity of penalties under the Customs Act, 1962. Case-Laws Customs Mon, 09 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410816