https://www.taxtmi.com/caselaws?id=775918 The CESTAT New Delhi set aside the penalty of Rs. 1 crore imposed under section 114 of the Customs Act read with section 13 of FEMA, which was based solely on statements under section 108 of the Customs Act. The tribunal rejected the department's argument that no relief should be granted as co-accused had not appealed. It held that the appellant's right to appeal is independent of others. Consequently, the penalty order dated 02.02.2021 was quashed and the appeal allowed. en-us Thu, 31 Jul 2025 00:00:00 +0530 Sat, 02 Aug 2025 07:24:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775918 The CESTAT New Delhi set aside the penalty of Rs. 1 crore imposed under section 114 of the Customs Act read with section 13 of FEMA, which was based solely on statements under section 108 of the Customs Act. The tribunal rejected the department's argument that no relief should be granted as co-accused had not appealed. It held that the appellant's right to appeal is independent of others. Consequently, the penalty order dated 02.02.2021 was quashed and the appeal allowed. Case-Laws Customs Thu, 31 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775918