https://www.taxtmi.com/caselaws?id=442909 The Tribunal set aside the penalties imposed under Section 114(iii) of the Act on the appellant officer, finding no evidence of connivance and deeming the Revenue's allegations unfounded due to full remittance received by the exporter. The Tribunal concluded that the penalty was unwarranted, allowing the appeal with any consequential benefits. This case underscores the challenges in proving overvaluation in exports, underscores the responsibilities of customs officers, and emphasizes the significance of thorough investigations and evidence in penalty cases under the Customs Act, 1962. en-us Fri, 25 Aug 2023 00:00:00 +0530 Wed, 13 Sep 2023 10:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442909 The Tribunal set aside the penalties imposed under Section 114(iii) of the Act on the appellant officer, finding no evidence of connivance and deeming the Revenue's allegations unfounded due to full remittance received by the exporter. The Tribunal concluded that the penalty was unwarranted, allowing the appeal with any consequential benefits. This case underscores the challenges in proving overvaluation in exports, underscores the responsibilities of customs officers, and emphasizes the significance of thorough investigations and evidence in penalty cases under the Customs Act, 1962. Case-Laws Customs Fri, 25 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442909