https://www.taxtmi.com/caselaws?id=415181 The tribunal allowed the appeals, setting aside the penalty imposed under Section 112 of the Customs Act, 1962. It found the penalty arbitrary and unjustified due to the Revenue's failure to address doubts and provide substantial evidence against the appellants. Emphasizing the importance of proper investigation and evidence in customs cases, the tribunal highlighted that penalties cannot be based on assumptions. en-us Fri, 26 Nov 2021 00:00:00 +0530 Fri, 05 Aug 2022 12:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415181 The tribunal allowed the appeals, setting aside the penalty imposed under Section 112 of the Customs Act, 1962. It found the penalty arbitrary and unjustified due to the Revenue's failure to address doubts and provide substantial evidence against the appellants. Emphasizing the importance of proper investigation and evidence in customs cases, the tribunal highlighted that penalties cannot be based on assumptions. Case-Laws Customs Fri, 26 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415181