https://www.taxtmi.com/caselaws?id=446698 The Tribunal set aside the order of the Commissioner of Customs (Appeals), Bangalore, regarding the penalty under Section 114A of the Customs Act, 1962. The Tribunal found that the penalty should not include both duty and interest, as the provision allows for a penalty equal to either duty or interest, but not both. The Tribunal's decision was based on the interpretation of the word "or" in the statute, aligning with the Karnataka HC's precedent. Consequently, the appeal was allowed, and the appellant was granted any necessary consequential relief. en-us Fri, 01 Dec 2023 00:00:00 +0530 Sat, 09 Dec 2023 08:54:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=446698 The Tribunal set aside the order of the Commissioner of Customs (Appeals), Bangalore, regarding the penalty under Section 114A of the Customs Act, 1962. The Tribunal found that the penalty should not include both duty and interest, as the provision allows for a penalty equal to either duty or interest, but not both. The Tribunal's decision was based on the interpretation of the word "or" in the statute, aligning with the Karnataka HC's precedent. Consequently, the appeal was allowed, and the appellant was granted any necessary consequential relief. Case-Laws Customs Fri, 01 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=446698