https://www.taxtmi.com/caselaws?id=430901 The Tribunal allowed the appeal, setting aside the confiscation of goods and reducing the penalty under Section 114AA to Rs.2,00,000. The penalties on the freight forwarding agent were upheld, but penalties on the manufacturer and exporter were reduced due to repayment of incentives. The judgment emphasized the legality of penalties for unauthorized modifications in shipping bills post-customs clearance, providing relief to the manufacturer and exporter while maintaining penalties for violations. en-us Tue, 29 Nov 2022 00:00:00 +0530 Thu, 01 Dec 2022 06:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430901 The Tribunal allowed the appeal, setting aside the confiscation of goods and reducing the penalty under Section 114AA to Rs.2,00,000. The penalties on the freight forwarding agent were upheld, but penalties on the manufacturer and exporter were reduced due to repayment of incentives. The judgment emphasized the legality of penalties for unauthorized modifications in shipping bills post-customs clearance, providing relief to the manufacturer and exporter while maintaining penalties for violations. Case-Laws Customs Tue, 29 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430901