https://www.taxtmi.com/caselaws?id=417057 The Tribunal partially allowed the appeal in a case involving the imposition of a penalty under Section 114(iii) of the Customs Act, 1962. The appellant, an employee of M/s. MAZDA GLOBAL, was penalized for alleged involvement in fraudulent export by overvaluing goods. The Tribunal found the penalty of Rs. 75 Lacs excessive and reduced it to Rs. 25,000 due to the appellant's limited role and lack of awareness of the overvaluation. The delay in adjudication of the show cause notice was considered, and the impugned order was modified accordingly. en-us Tue, 11 Jan 2022 00:00:00 +0530 Fri, 26 Aug 2022 10:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417057 The Tribunal partially allowed the appeal in a case involving the imposition of a penalty under Section 114(iii) of the Customs Act, 1962. The appellant, an employee of M/s. MAZDA GLOBAL, was penalized for alleged involvement in fraudulent export by overvaluing goods. The Tribunal found the penalty of Rs. 75 Lacs excessive and reduced it to Rs. 25,000 due to the appellant's limited role and lack of awareness of the overvaluation. The delay in adjudication of the show cause notice was considered, and the impugned order was modified accordingly. Case-Laws Customs Tue, 11 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417057