https://www.taxtmi.com/caselaws?id=451270 The Tribunal held the Appellant, a Chartered Engineer, liable for issuing a Certificate under the EPCG scheme without verifying machinery installation, thus facilitating customs duty evasion. Penalties were imposed under Sections 112(a) and 114AA. Despite the Appellant's claim of good faith, the Tribunal reduced penalties from Rs. 1,00,000/- to Rs. 50,000/- and from Rs. 10,000/- to Rs. 5,000/-, acknowledging reliance on submitted documents but stressing the necessity of verification. en-us Wed, 20 Mar 2024 00:00:00 +0530 Fri, 06 Sep 2024 14:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=451270 The Tribunal held the Appellant, a Chartered Engineer, liable for issuing a Certificate under the EPCG scheme without verifying machinery installation, thus facilitating customs duty evasion. Penalties were imposed under Sections 112(a) and 114AA. Despite the Appellant's claim of good faith, the Tribunal reduced penalties from Rs. 1,00,000/- to Rs. 50,000/- and from Rs. 10,000/- to Rs. 5,000/-, acknowledging reliance on submitted documents but stressing the necessity of verification. Case-Laws Customs Wed, 20 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=451270