https://www.taxtmi.com/caselaws?id=449053 The Tribunal found that the Department did not adequately prove the case for imposing penalties on the Appellants under Section 112(b)(ii) of the Customs Act, 1962. Consequently, the penalties were set aside, and the Appeals were allowed. The order for absolute confiscation of the gold bars was upheld, as it was not contested by the Appellants. The Appeals were thus disposed of with the penalties removed, maintaining the confiscation order. en-us Thu, 25 Jan 2024 00:00:00 +0530 Mon, 05 Feb 2024 08:43:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=449053 The Tribunal found that the Department did not adequately prove the case for imposing penalties on the Appellants under Section 112(b)(ii) of the Customs Act, 1962. Consequently, the penalties were set aside, and the Appeals were allowed. The order for absolute confiscation of the gold bars was upheld, as it was not contested by the Appellants. The Appeals were thus disposed of with the penalties removed, maintaining the confiscation order. Case-Laws Customs Thu, 25 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=449053