https://www.taxtmi.com/caselaws?id=773328 CESTAT Bangalore allowed appeal against penalty imposed under Section 112(a) of Customs Act, 1962 on appellants settled abroad for undervaluation of imported goods. The tribunal held that proceedings against foreign-incorporated entities could not be sustained due to lack of territorial jurisdiction, as Customs Act provisions were not applicable beyond Indian territory until extension of jurisdiction from 29.03.2018. Additionally, statements relied upon by adjudication authority were not admissible evidence. Penalty was set aside due to jurisdictional limitations and absence of admissible evidence. en-us Mon, 02 Jun 2025 00:00:00 +0530 Sat, 21 Jun 2025 08:28:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773328 CESTAT Bangalore allowed appeal against penalty imposed under Section 112(a) of Customs Act, 1962 on appellants settled abroad for undervaluation of imported goods. The tribunal held that proceedings against foreign-incorporated entities could not be sustained due to lack of territorial jurisdiction, as Customs Act provisions were not applicable beyond Indian territory until extension of jurisdiction from 29.03.2018. Additionally, statements relied upon by adjudication authority were not admissible evidence. Penalty was set aside due to jurisdictional limitations and absence of admissible evidence. Case-Laws Customs Mon, 02 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773328