https://www.taxtmi.com/caselaws?id=779948 Karnataka HC held that, on facts identical to an earlier judgment, the CESTAT's order was set aside to the extent that penalties under the 2010 Regulations and Section 117 of the Customs Act were restored. The court found that the Tribunal could not invalidate a bank guarantee or exercise equitable discretion to reduce statutory penalties; substantial questions of law were answered in favour of the appellant and against the respondent. The appeal is allowed in part and disposed of in terms of the prior decision. en-us Fri, 26 Sep 2025 00:00:00 +0530 Thu, 16 Oct 2025 08:30:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779948 Karnataka HC held that, on facts identical to an earlier judgment, the CESTAT's order was set aside to the extent that penalties under the 2010 Regulations and Section 117 of the Customs Act were restored. The court found that the Tribunal could not invalidate a bank guarantee or exercise equitable discretion to reduce statutory penalties; substantial questions of law were answered in favour of the appellant and against the respondent. The appeal is allowed in part and disposed of in terms of the prior decision. Case-Laws Customs Fri, 26 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779948