https://www.taxtmi.com/caselaws?id=438279 The appellant appealed against the penalty imposed under sections 112(a) and 114AA of the Customs Act, 1962, for misdeclaration of imported goods. The Commissioner of Customs (Appeals) upheld the penalty, but the appellant argued that penalties should not apply unless goods were entered for import. The customs authorities also confiscated the goods for misdeclaration and illicit procurement of import-export code. The appellant challenged the invocation of the Prohibition of Benami Property Transactions Act, 1988, alongside the Customs Act, 1962, and the impugned order was set aside, allowing the appeal. en-us Fri, 31 Mar 2023 00:00:00 +0530 Sat, 27 May 2023 09:32:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438279 The appellant appealed against the penalty imposed under sections 112(a) and 114AA of the Customs Act, 1962, for misdeclaration of imported goods. The Commissioner of Customs (Appeals) upheld the penalty, but the appellant argued that penalties should not apply unless goods were entered for import. The customs authorities also confiscated the goods for misdeclaration and illicit procurement of import-export code. The appellant challenged the invocation of the Prohibition of Benami Property Transactions Act, 1988, alongside the Customs Act, 1962, and the impugned order was set aside, allowing the appeal. Case-Laws Customs Fri, 31 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438279