https://www.taxtmi.com/caselaws?id=434223 The penalties imposed on the appellant in a case involving fraudulent availing of SFMS benefits, liability for confiscation of goods, demand and recovery of duty, and imposition of penalties under the Customs Act, 1962, were reduced to Rs. 2.5 lakhs each under Sections 114(iii) and 114AA. The appeal challenging the penalties was disposed of with this modification, acknowledging the appellant's role as a freight forwarder rather than the actual beneficiary of the fraudulent activities. en-us Wed, 01 Feb 2023 00:00:00 +0530 Sun, 19 Feb 2023 14:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434223 The penalties imposed on the appellant in a case involving fraudulent availing of SFMS benefits, liability for confiscation of goods, demand and recovery of duty, and imposition of penalties under the Customs Act, 1962, were reduced to Rs. 2.5 lakhs each under Sections 114(iii) and 114AA. The appeal challenging the penalties was disposed of with this modification, acknowledging the appellant's role as a freight forwarder rather than the actual beneficiary of the fraudulent activities. Case-Laws Customs Wed, 01 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434223