https://www.taxtmi.com/caselaws?id=420478 Penalty under Section 112A of the Customs Act, 1962 could not be sustained where the Bill of Entry was filed on the basis of the packing list and Bill of Lading, and the goods mismatch was credibly explained as a packing mistake by the exporter. The explanation was accepted as genuine and not shown to be false, and no deliberate misdeclaration by the importer was established. On these facts, the tribunal held that the statutory conditions for penalty were not met and set the penalty aside in favour of the assessee. en-us Fri, 01 Apr 2022 00:00:00 +0530 Wed, 29 Mar 2023 16:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420478 Penalty under Section 112A of the Customs Act, 1962 could not be sustained where the Bill of Entry was filed on the basis of the packing list and Bill of Lading, and the goods mismatch was credibly explained as a packing mistake by the exporter. The explanation was accepted as genuine and not shown to be false, and no deliberate misdeclaration by the importer was established. On these facts, the tribunal held that the statutory conditions for penalty were not met and set the penalty aside in favour of the assessee. Case-Laws Customs Fri, 01 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420478