https://www.taxtmi.com/caselaws?id=42331 The court rejected the petitioner's contention of limitation for imposing a penalty for cargo shortage. The court found the penalty increase from Rs. 2 lakhs to Rs. 2,50,000 unjustified as it lacked proper reasoning, reverting the penalty amount to Rs. 2 lakhs. The court directed the already paid amount to be appropriated towards the penalty, eliminating the demand for the additional sum of Rs. 50,000. Each party was ordered to bear its own costs in the matter. en-us Thu, 31 Mar 1988 00:00:00 +0530 Thu, 10 Jun 2010 15:21:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=42331 The court rejected the petitioner's contention of limitation for imposing a penalty for cargo shortage. The court found the penalty increase from Rs. 2 lakhs to Rs. 2,50,000 unjustified as it lacked proper reasoning, reverting the penalty amount to Rs. 2 lakhs. The court directed the already paid amount to be appropriated towards the penalty, eliminating the demand for the additional sum of Rs. 50,000. Each party was ordered to bear its own costs in the matter. Case-Laws Customs Thu, 31 Mar 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=42331