https://www.taxtmi.com/caselaws?id=425376 The Tribunal set aside the penalty imposed under Section 114A of the Customs Act, 1962, finding that the appellant's actions did not amount to collusion or wilful misstatement. The appellant had accepted the goods' misclassification, paid the differential duty, and interest, but did not avail the benefit of reduced penalty under the first proviso to Section 114A. As there was no evidence of collusion or wilful misstatement, the Tribunal deemed the penalty imposed as mechanical and not in line with the statute. Consequently, the Tribunal allowed the appeal, holding that the penalty was not justified in this instance. en-us Thu, 21 Jul 2022 00:00:00 +0530 Wed, 29 Mar 2023 16:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425376 The Tribunal set aside the penalty imposed under Section 114A of the Customs Act, 1962, finding that the appellant's actions did not amount to collusion or wilful misstatement. The appellant had accepted the goods' misclassification, paid the differential duty, and interest, but did not avail the benefit of reduced penalty under the first proviso to Section 114A. As there was no evidence of collusion or wilful misstatement, the Tribunal deemed the penalty imposed as mechanical and not in line with the statute. Consequently, the Tribunal allowed the appeal, holding that the penalty was not justified in this instance. Case-Laws Customs Thu, 21 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425376