https://www.taxtmi.com/highlights?id=63622 Levy of penalty u/s 112 of CA - Smuggling - Gold - The case of Revenue against these appellants have made out on the basis of their statements recorded at the time of investigation or the statement of the co-accused. All such statements were retracted soon thereafter. Further, these statements have also not stood the test of cross-examination during the adjudication proceedings - Levy of penalty against two persons set aside - Against one person, levy of penalty reduced from Rs. 1 lakh. to Rs. 25,000/-. - AT en-us Mon, 23 May 2022 08:14:07 +0530 Mon, 23 May 2022 08:14:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=63622 Levy of penalty u/s 112 of CA - Smuggling - Gold - The case of Revenue against these appellants have made out on the basis of their statements recorded at the time of investigation or the statement of the co-accused. All such statements were retracted soon thereafter. Further, these statements have also not stood the test of cross-examination during the adjudication proceedings - Levy of penalty against two persons set aside - Against one person, levy of penalty reduced from Rs. 1 lakh. to Rs. 25,000/-. - AT Highlights Customs Mon, 23 May 2022 08:14:07 +0530 https://www.taxtmi.com/highlights?id=63622