https://www.taxtmi.com/highlights?id=78135 CESTAT Mumbai held that confiscation of imported goods and imposition of penalty u/s 112(a) of Customs Act for forged Special Import Licenses lacked clear evidence linking appellants to forgery. Delay in penalty proceedings beyond reasonable time was deemed unjustified, citing legal precedents. The order confiscating goods was upheld, but penalty imposition was deemed unsustainable. Appeal allowed in part, emphasizing lack of strong grounds for penalty imposition u/s 112(a) on appellants. en-us Wed, 05 Jun 2024 08:14:51 +0530 Wed, 05 Jun 2024 08:14:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=78135 CESTAT Mumbai held that confiscation of imported goods and imposition of penalty u/s 112(a) of Customs Act for forged Special Import Licenses lacked clear evidence linking appellants to forgery. Delay in penalty proceedings beyond reasonable time was deemed unjustified, citing legal precedents. The order confiscating goods was upheld, but penalty imposition was deemed unsustainable. Appeal allowed in part, emphasizing lack of strong grounds for penalty imposition u/s 112(a) on appellants. Highlights Customs Wed, 05 Jun 2024 08:14:51 +0530 https://www.taxtmi.com/highlights?id=78135