https://www.taxtmi.com/highlights?id=61439 Quantum of penalty levied under Section 114 (iii) of the Customs Act, 1962 - fraudulent export as goods were grossly undervalued - the appellant has acted only on the instruction of the employer and more so on the basis of the signed documents i.e. invoice given by his employer. - The exorbitant penalty of ₹ 75 Lacs is not justified - the penalty is reduced from ₹ 75 Lacs to ₹ 25,000/-. - AT en-us Fri, 14 Jan 2022 18:15:14 +0530 Fri, 14 Jan 2022 18:15:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=61439 Quantum of penalty levied under Section 114 (iii) of the Customs Act, 1962 - fraudulent export as goods were grossly undervalued - the appellant has acted only on the instruction of the employer and more so on the basis of the signed documents i.e. invoice given by his employer. - The exorbitant penalty of ₹ 75 Lacs is not justified - the penalty is reduced from ₹ 75 Lacs to ₹ 25,000/-. - AT Highlights Customs Fri, 14 Jan 2022 18:15:14 +0530 https://www.taxtmi.com/highlights?id=61439