https://www.taxtmi.com/caselaws?id=772258 CESTAT New Delhi set aside penalty imposed under Section 114(iii) of Customs Act, 1962 against appellant for allegedly assisting in diversion of export consignment to fraudulently avail Focus Market Scheme benefits. The tribunal held that since confiscation of goods under Section 113 was previously set aside in related appeal, penalty under Section 114(iii) cannot be sustained as it requires underlying confiscation to be valid. Commissioner's order imposing penalty was quashed and appeal was allowed. en-us Wed, 04 Jun 2025 00:00:00 +0530 Fri, 06 Jun 2025 08:30:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772258 CESTAT New Delhi set aside penalty imposed under Section 114(iii) of Customs Act, 1962 against appellant for allegedly assisting in diversion of export consignment to fraudulently avail Focus Market Scheme benefits. The tribunal held that since confiscation of goods under Section 113 was previously set aside in related appeal, penalty under Section 114(iii) cannot be sustained as it requires underlying confiscation to be valid. Commissioner's order imposing penalty was quashed and appeal was allowed. Case-Laws Customs Wed, 04 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772258