https://www.taxtmi.com/caselaws?id=783419 Misdeclaration of imported broadcasting equipment as temporary DEMO use was treated as culpable customs conduct, so the company's penalty was sustained in principle. However, the High Court moderated the quantum because duty had already been paid and the arrangement was temporary, reducing the penalty to Rs. 50,00,000 with credit for amounts deposited. The penalties on the directors were quashed because the benefit of the import accrued to the company in its business capacity, and individual penal liability was not warranted on those facts. The settlement was otherwise allowed to stand, with the reduced balance payable to complete it. en-us Mon, 08 Dec 2025 00:00:00 +0530 Tue, 16 Dec 2025 08:19:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783419 Misdeclaration of imported broadcasting equipment as temporary DEMO use was treated as culpable customs conduct, so the company's penalty was sustained in principle. However, the High Court moderated the quantum because duty had already been paid and the arrangement was temporary, reducing the penalty to Rs. 50,00,000 with credit for amounts deposited. The penalties on the directors were quashed because the benefit of the import accrued to the company in its business capacity, and individual penal liability was not warranted on those facts. The settlement was otherwise allowed to stand, with the reduced balance payable to complete it. Case-Laws Customs Mon, 08 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783419