https://www.taxtmi.com/caselaws?id=46836 The penalty imposed on the petitioners under section 116 of the Customs Act, 1962 for an alleged short landing of goods was successfully challenged. The court held that penalties cannot be imposed solely based on the outturn report, especially when the shipping agents were not at fault. The impugned orders were quashed, and the respondents were directed to refund the penalty amount paid by the petitioners within ten weeks, with an applicable interest rate of 10% per annum if not refunded within the stipulated time. en-us Tue, 04 Nov 2003 00:00:00 +0530 Sat, 24 Jul 2010 11:51:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=46836 The penalty imposed on the petitioners under section 116 of the Customs Act, 1962 for an alleged short landing of goods was successfully challenged. The court held that penalties cannot be imposed solely based on the outturn report, especially when the shipping agents were not at fault. The impugned orders were quashed, and the respondents were directed to refund the penalty amount paid by the petitioners within ten weeks, with an applicable interest rate of 10% per annum if not refunded within the stipulated time. Case-Laws Customs Tue, 04 Nov 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=46836