https://www.taxtmi.com/caselaws?id=420548 The Tribunal confirmed the penalty imposed on the appellant, a freight forwarder, under Section 114 of the Customs Act for facilitating the fraudulent export of non-basmati rice by mis-declaration. The penalty was reduced from Rs. 8 lakhs to Rs. 4 lakhs, acknowledging the appellant's involvement in the illegal activities. The appellant's retracted statements were deemed insignificant as his admissions on different occasions, supported by co-accused statements and intercepted consignments, established his complicity in the scheme. The appeal was partially allowed with a reduced penalty. en-us Wed, 30 Mar 2022 00:00:00 +0530 Wed, 25 May 2022 10:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420548 The Tribunal confirmed the penalty imposed on the appellant, a freight forwarder, under Section 114 of the Customs Act for facilitating the fraudulent export of non-basmati rice by mis-declaration. The penalty was reduced from Rs. 8 lakhs to Rs. 4 lakhs, acknowledging the appellant's involvement in the illegal activities. The appellant's retracted statements were deemed insignificant as his admissions on different occasions, supported by co-accused statements and intercepted consignments, established his complicity in the scheme. The appeal was partially allowed with a reduced penalty. Case-Laws Customs Wed, 30 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420548