https://www.taxtmi.com/caselaws?id=41608 The High Court set aside the penalty imposed under Section 116 of the Customs Act, 1962, on the steamer agent for an alleged shortage in cargo. The court found that the insurance survey conducted after a month did not adhere to the correct procedures outlined in Public Notice No. 132, leading to the erroneous imposition of the penalty. The court directed the refund of the deposited amount to the petitioner and instructed all parties to act in accordance with the judgment for further proceedings. en-us Tue, 29 Mar 1983 00:00:00 +0530 Fri, 04 Jun 2010 17:23:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=41608 The High Court set aside the penalty imposed under Section 116 of the Customs Act, 1962, on the steamer agent for an alleged shortage in cargo. The court found that the insurance survey conducted after a month did not adhere to the correct procedures outlined in Public Notice No. 132, leading to the erroneous imposition of the penalty. The court directed the refund of the deposited amount to the petitioner and instructed all parties to act in accordance with the judgment for further proceedings. Case-Laws Customs Tue, 29 Mar 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=41608