https://www.taxtmi.com/caselaws?id=415281 The court upheld the penalty imposed under Section 114(i) of the Customs Act on the appellant for illegal export activities involving Red Sanders logs. The penalty, initially set at Rs. 10,00,000, was reduced to Rs. 3,00,000 but later enhanced to Rs. 5,00,000 by the CESTAT. The court found the appellant's actions, including providing a signed blank Annexure - A, demonstrated recklessness and negligence, justifying the penalty. The appellant's liability under Section 50(2) of the Customs Act was also affirmed, emphasizing the role of a Customs House Agent in facilitating accurate shipping declarations. The court dismissed challenges to the penalty and affirmed the importance of compliance with both the Customs Act and Licensing Regulations. en-us Tue, 30 Nov 2021 00:00:00 +0530 Thu, 02 Dec 2021 12:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415281 The court upheld the penalty imposed under Section 114(i) of the Customs Act on the appellant for illegal export activities involving Red Sanders logs. The penalty, initially set at Rs. 10,00,000, was reduced to Rs. 3,00,000 but later enhanced to Rs. 5,00,000 by the CESTAT. The court found the appellant's actions, including providing a signed blank Annexure - A, demonstrated recklessness and negligence, justifying the penalty. The appellant's liability under Section 50(2) of the Customs Act was also affirmed, emphasizing the role of a Customs House Agent in facilitating accurate shipping declarations. The court dismissed challenges to the penalty and affirmed the importance of compliance with both the Customs Act and Licensing Regulations. Case-Laws Customs Tue, 30 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415281