https://www.taxtmi.com/caselaws?id=781072 CESTAT held a broker liable for penalty under s.112(b) of the Customs Act for facilitating post-import sale of cars that were misdeclared as to year and value, rendering them liable to confiscation under s.111(o). The tribunal found the broker must have known the true manufacture year and value and therefore participated in the transfer/sale. The appeals were disposed by confirming penalty liability but reducing the penalty in each order to Rs.25,000 under s.112(b). en-us Fri, 18 Jul 2025 00:00:00 +0530 Tue, 11 Nov 2025 08:20:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781072 CESTAT held a broker liable for penalty under s.112(b) of the Customs Act for facilitating post-import sale of cars that were misdeclared as to year and value, rendering them liable to confiscation under s.111(o). The tribunal found the broker must have known the true manufacture year and value and therefore participated in the transfer/sale. The appeals were disposed by confirming penalty liability but reducing the penalty in each order to Rs.25,000 under s.112(b). Case-Laws Customs Fri, 18 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781072