https://www.taxtmi.com/caselaws?id=429684 The Tribunal allowed both appeals, overturning the duty, interest, and penalties imposed on the Appellants. The penalties initially set at Rs. 30 lakhs each were reduced to Rs. 5 lakhs individually. The Tribunal found the Appellants' evidence of duty payment and ownership of the seized goods to be substantial, rejecting the Department's arguments. The final order included the appropriation of sale proceeds through auction and provided consequential relief to the Appellants, emphasizing the conscious possession of the goods by one of the Appellants. en-us Mon, 31 Oct 2022 00:00:00 +0530 Thu, 03 Nov 2022 15:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429684 The Tribunal allowed both appeals, overturning the duty, interest, and penalties imposed on the Appellants. The penalties initially set at Rs. 30 lakhs each were reduced to Rs. 5 lakhs individually. The Tribunal found the Appellants' evidence of duty payment and ownership of the seized goods to be substantial, rejecting the Department's arguments. The final order included the appropriation of sale proceeds through auction and provided consequential relief to the Appellants, emphasizing the conscious possession of the goods by one of the Appellants. Case-Laws Customs Mon, 31 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429684