https://www.taxtmi.com/caselaws?id=771105 SC upheld partial appeal in customs duty case. Redemption fine of Rs. 10,00,000 was maintained. Penalty under section 112(a) reduced to Rs. 5,00,000. Penalty under section 114AA was set aside due to non-retrospective application, as the Bill of Entry was filed before the section's enactment. Court balanced statutory interpretation with proportionality in penalty assessment. en-us Mon, 19 May 2025 00:00:00 +0530 Wed, 21 May 2025 08:29:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771105 SC upheld partial appeal in customs duty case. Redemption fine of Rs. 10,00,000 was maintained. Penalty under section 112(a) reduced to Rs. 5,00,000. Penalty under section 114AA was set aside due to non-retrospective application, as the Bill of Entry was filed before the section's enactment. Court balanced statutory interpretation with proportionality in penalty assessment. Case-Laws Customs Mon, 19 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771105