https://www.taxtmi.com/caselaws?id=448947 Delhi HC dismissed appeal challenging penalty under Section 112 of Customs Act for forged WPC licenses. Goods worth Rs 3.13 crores were imported using fabricated documents. Court held that redemption fine of Rs 60 lakhs (19% of goods value) and penalty of Rs 15 lakhs each on appellants (totaling 9.5%) was proportionate and judicially exercised. Authorities could have imposed penalties up to 100% of goods value under Sections 114AA and 125 but exercised discretion favorably. Court found no infirmity in Commissioner's order warranting interference. en-us Wed, 24 Jan 2024 00:00:00 +0530 Tue, 20 Aug 2024 15:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448947 Delhi HC dismissed appeal challenging penalty under Section 112 of Customs Act for forged WPC licenses. Goods worth Rs 3.13 crores were imported using fabricated documents. Court held that redemption fine of Rs 60 lakhs (19% of goods value) and penalty of Rs 15 lakhs each on appellants (totaling 9.5%) was proportionate and judicially exercised. Authorities could have imposed penalties up to 100% of goods value under Sections 114AA and 125 but exercised discretion favorably. Court found no infirmity in Commissioner's order warranting interference. Case-Laws Customs Wed, 24 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448947