https://www.taxtmi.com/caselaws?id=442572 The Tribunal upheld confiscation but set aside penalties imposed on bank employees under section 112 of the Customs Act, 1962 for duty foregone on imports. The employees were found equally responsible for offenses leading to confiscation due to gross negligence and lack of compliance with duty exemption notification requirements. The case was remanded for a fresh decision, allowing the employees an opportunity to present their defense in person. en-us Fri, 18 Aug 2023 00:00:00 +0530 Tue, 05 Sep 2023 18:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442572 The Tribunal upheld confiscation but set aside penalties imposed on bank employees under section 112 of the Customs Act, 1962 for duty foregone on imports. The employees were found equally responsible for offenses leading to confiscation due to gross negligence and lack of compliance with duty exemption notification requirements. The case was remanded for a fresh decision, allowing the employees an opportunity to present their defense in person. Case-Laws Customs Fri, 18 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442572