https://www.taxtmi.com/caselaws?id=776541 The CESTAT Chennai held that penalties can be imposed on both a company and its responsible persons for misdeclaration under the Customs Act, similar to provisions under the Central Excises and Salt Act. However, in this case, there was no evidence showing the appellants knowingly misclassified the goods to evade duty. The tribunal emphasized that willful misdeclaration requires intent, which was absent here. The classification dispute alone does not justify penalty without proof of deliberate wrongdoing. Consequently, the penalty imposed on the appellants was set aside, and the appeals were allowed. en-us Tue, 12 Aug 2025 00:00:00 +0530 Wed, 13 Aug 2025 07:27:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776541 The CESTAT Chennai held that penalties can be imposed on both a company and its responsible persons for misdeclaration under the Customs Act, similar to provisions under the Central Excises and Salt Act. However, in this case, there was no evidence showing the appellants knowingly misclassified the goods to evade duty. The tribunal emphasized that willful misdeclaration requires intent, which was absent here. The classification dispute alone does not justify penalty without proof of deliberate wrongdoing. Consequently, the penalty imposed on the appellants was set aside, and the appeals were allowed. Case-Laws Customs Tue, 12 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776541