https://www.taxtmi.com/caselaws?id=438130 The Tribunal allowed the appeal, overturning the penalty imposed on the appellant under Sections 112 (a) and 112 (b) of the Customs Act, 1962, for alleged involvement in mis-declaration and undervaluation of imported consignments. The Tribunal found no incriminating evidence against the appellant, who was deemed to have acted under a bona fide belief, and thus no penalty was deemed imposable. Consequently, the Tribunal provided consequential relief to the appellant. en-us Tue, 16 May 2023 00:00:00 +0530 Tue, 21 Nov 2023 13:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438130 The Tribunal allowed the appeal, overturning the penalty imposed on the appellant under Sections 112 (a) and 112 (b) of the Customs Act, 1962, for alleged involvement in mis-declaration and undervaluation of imported consignments. The Tribunal found no incriminating evidence against the appellant, who was deemed to have acted under a bona fide belief, and thus no penalty was deemed imposable. Consequently, the Tribunal provided consequential relief to the appellant. Case-Laws Customs Tue, 16 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438130