https://www.taxtmi.com/caselaws?id=782845 CESTAT Kolkata-AT allowed the appeal of the appellant-valuer and set aside penalties imposed under ss. 112(a)(iii) and 114AA of the Customs Act, 1962. The Tribunal held that the essential ingredients for penalty under s. 112(a)(iii)-that the appellant's acts rendered goods liable to confiscation and involved knowledge or abetment-were not established. The appellant had acted in a professional capacity as a government-approved valuer, with no evidence of benefit, mens rea, or collusion with importers. For s. 114AA, the Tribunal found no proof of intentional false statements or incorrect documents, noting the absence of corroborative evidence linking the goods he examined to those found over-invoiced. en-us Tue, 02 Dec 2025 00:00:00 +0530 Fri, 05 Dec 2025 08:12:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782845 CESTAT Kolkata-AT allowed the appeal of the appellant-valuer and set aside penalties imposed under ss. 112(a)(iii) and 114AA of the Customs Act, 1962. The Tribunal held that the essential ingredients for penalty under s. 112(a)(iii)-that the appellant's acts rendered goods liable to confiscation and involved knowledge or abetment-were not established. The appellant had acted in a professional capacity as a government-approved valuer, with no evidence of benefit, mens rea, or collusion with importers. For s. 114AA, the Tribunal found no proof of intentional false statements or incorrect documents, noting the absence of corroborative evidence linking the goods he examined to those found over-invoiced. Case-Laws Customs Tue, 02 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782845