https://www.taxtmi.com/caselaws?id=446701 CESTAT Bangalore set aside penalty under Section 114 of Customs Act, 1962 imposed on appellant for allegedly arranging illicit export of foreign currencies through carriers at Calicut Airport. Trial court had acquitted appellant under Section 248(1) CrPC, finding no direct evidence and that prosecution failed to prove guilt beyond reasonable doubt. Only co-accused was found guilty. CESTAT held that since Revenue produced no additional evidence beyond statements already considered by trial court during acquittal, penalty could not be sustained following precedent in S. Duraiappa case. Appeal allowed. en-us Wed, 06 Dec 2023 00:00:00 +0530 Sat, 09 Dec 2023 08:54:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=446701 CESTAT Bangalore set aside penalty under Section 114 of Customs Act, 1962 imposed on appellant for allegedly arranging illicit export of foreign currencies through carriers at Calicut Airport. Trial court had acquitted appellant under Section 248(1) CrPC, finding no direct evidence and that prosecution failed to prove guilt beyond reasonable doubt. Only co-accused was found guilty. CESTAT held that since Revenue produced no additional evidence beyond statements already considered by trial court during acquittal, penalty could not be sustained following precedent in S. Duraiappa case. Appeal allowed. Case-Laws Customs Wed, 06 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=446701