https://www.taxtmi.com/caselaws?id=753532 CESTAT Mumbai allowed appeal in part regarding confiscation of imported Nylon Tafeta goods and penalty imposition. While upholding confiscation under Section 111(d) and (o) of Customs Act due to forged Special Import Licenses, the tribunal set aside penalties under Section 112(a) imposed on importer and CB/CHA appellants. Court found no evidence that appellants were directly involved in license forgery, which was committed by unscrupulous third parties. Additionally, penalty proceedings initiated after 14 years were deemed unreasonable and beyond statutory time limits, citing various HC precedents requiring penalties to be imposed within reasonable timeframes. en-us Mon, 03 Jun 2024 00:00:00 +0530 Tue, 04 Jun 2024 15:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753532 CESTAT Mumbai allowed appeal in part regarding confiscation of imported Nylon Tafeta goods and penalty imposition. While upholding confiscation under Section 111(d) and (o) of Customs Act due to forged Special Import Licenses, the tribunal set aside penalties under Section 112(a) imposed on importer and CB/CHA appellants. Court found no evidence that appellants were directly involved in license forgery, which was committed by unscrupulous third parties. Additionally, penalty proceedings initiated after 14 years were deemed unreasonable and beyond statutory time limits, citing various HC precedents requiring penalties to be imposed within reasonable timeframes. Case-Laws Customs Mon, 03 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753532