https://www.taxtmi.com/caselaws?id=448133 The CESTAT Allahabad dismissed the revenue's appeal regarding penalty imposition under Section 114A of Customs Act, 1962. The tribunal held that penalty liability cannot exceed the amount of payable duty, citing SC precedent in UK Enterprises case. The revenue's penalty imposition violated express statutory provisions by exceeding the prescribed limit. The appeal lacked merit and was dismissed for being contrary to established legal principles. en-us Mon, 08 Jan 2024 00:00:00 +0530 Fri, 12 Jan 2024 08:40:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448133 The CESTAT Allahabad dismissed the revenue's appeal regarding penalty imposition under Section 114A of Customs Act, 1962. The tribunal held that penalty liability cannot exceed the amount of payable duty, citing SC precedent in UK Enterprises case. The revenue's penalty imposition violated express statutory provisions by exceeding the prescribed limit. The appeal lacked merit and was dismissed for being contrary to established legal principles. Case-Laws Customs Mon, 08 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448133