https://www.taxtmi.com/caselaws?id=450921 The Tribunal concluded by reducing the penalty imposed on the appellant to Rs.5,00,000 under Section 112(a) of the Customs Act, 1962. This decision was based on factors including the perishable nature of the goods, absence of profit margin, and the fact that the confiscated goods remained in departmental custody. The appellant was directed to pay the revised penalty immediately, and the appeal was disposed of accordingly. en-us Thu, 14 Mar 2024 00:00:00 +0530 Sat, 16 Mar 2024 07:49:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450921 The Tribunal concluded by reducing the penalty imposed on the appellant to Rs.5,00,000 under Section 112(a) of the Customs Act, 1962. This decision was based on factors including the perishable nature of the goods, absence of profit margin, and the fact that the confiscated goods remained in departmental custody. The appellant was directed to pay the revised penalty immediately, and the appeal was disposed of accordingly. Case-Laws Customs Thu, 14 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450921