https://www.taxtmi.com/highlights?id=65756 Levy of penalty - allegation for abatement in smuggling of Gold - the activity of facilitating the financing of fund has been turned by the Ld. Commissioner into participation in the conspiracy to smuggle gold which in our view is based on assumption. For imposition of penalty under Section 112(b) of the Customs Act, 1962 the knowledge with regard to the offence on the part of the person has to be established. In the present matter department failed to do so - AT en-us Thu, 22 Sep 2022 09:47:27 +0530 Thu, 22 Sep 2022 09:47:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=65756 Levy of penalty - allegation for abatement in smuggling of Gold - the activity of facilitating the financing of fund has been turned by the Ld. Commissioner into participation in the conspiracy to smuggle gold which in our view is based on assumption. For imposition of penalty under Section 112(b) of the Customs Act, 1962 the knowledge with regard to the offence on the part of the person has to be established. In the present matter department failed to do so - AT Highlights Customs Thu, 22 Sep 2022 09:47:27 +0530 https://www.taxtmi.com/highlights?id=65756