https://www.taxtmi.com/caselaws?id=430674 The Tribunal found that the appellants were not actively involved in the misuse of the Importer Exporter Code (IEC) or the mis-declaration of imported goods, except for facilitating these actions for monetary consideration. Penalties imposed under the Customs Act, 1962 were significantly reduced due to the lack of active involvement and awareness of the appellants. The appeals were allowed in part, with reduced penalties for Sh. Amit Nagi and Sh. Ravinder Puri, and the setting aside of penalties on M/s Dev International. The Tribunal acknowledged the appellants' lack of direct involvement in the illegal import activities. en-us Wed, 23 Nov 2022 00:00:00 +0530 Fri, 25 Nov 2022 08:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430674 The Tribunal found that the appellants were not actively involved in the misuse of the Importer Exporter Code (IEC) or the mis-declaration of imported goods, except for facilitating these actions for monetary consideration. Penalties imposed under the Customs Act, 1962 were significantly reduced due to the lack of active involvement and awareness of the appellants. The appeals were allowed in part, with reduced penalties for Sh. Amit Nagi and Sh. Ravinder Puri, and the setting aside of penalties on M/s Dev International. The Tribunal acknowledged the appellants' lack of direct involvement in the illegal import activities. Case-Laws Customs Wed, 23 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430674