https://www.taxtmi.com/caselaws?id=779833 CESTAT (Kolkata) - AT allowed the appeal and set aside three penalties of Rs.50,00,000 each under ss.112(a)(i), 112(b)(i) and 114AA, holding the appellant had no nexus or mala fide in the alleged mis-declaration. Documentary records showed the appellant and his relative ceased directorship before the imports and an overseas director handled invoices, undermining attribution. Alleged non-bank remittances lacked corroborative evidence and could not be imputed to the appellant. The tribunal also found penal provisions inapplicable to acts occurring in a foreign territory, warranting cancellation of the penalties. en-us Fri, 19 Sep 2025 00:00:00 +0530 Tue, 14 Oct 2025 09:39:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779833 CESTAT (Kolkata) - AT allowed the appeal and set aside three penalties of Rs.50,00,000 each under ss.112(a)(i), 112(b)(i) and 114AA, holding the appellant had no nexus or mala fide in the alleged mis-declaration. Documentary records showed the appellant and his relative ceased directorship before the imports and an overseas director handled invoices, undermining attribution. Alleged non-bank remittances lacked corroborative evidence and could not be imputed to the appellant. The tribunal also found penal provisions inapplicable to acts occurring in a foreign territory, warranting cancellation of the penalties. Case-Laws Customs Fri, 19 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779833