https://www.taxtmi.com/caselaws?id=49080 For computing penalty under Section 116 of the Customs Act, 1962, "duty chargeable" is linked to the charging provision in Section 12(1), not to duty later assessed, refunded, or reassessed under Sections 14 and 15. The distinction between chargeability and assessment is treated as material, so the tariff-rate duty forms the basis for penalty computation. Section 116 is also described as imposing strict liability on the person in charge of the conveyance and serving a deterrent purpose, not merely compensating revenue loss. en-us Wed, 09 Jan 1991 00:00:00 +0530 Mon, 09 Aug 2010 15:16:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49080 For computing penalty under Section 116 of the Customs Act, 1962, "duty chargeable" is linked to the charging provision in Section 12(1), not to duty later assessed, refunded, or reassessed under Sections 14 and 15. The distinction between chargeability and assessment is treated as material, so the tariff-rate duty forms the basis for penalty computation. Section 116 is also described as imposing strict liability on the person in charge of the conveyance and serving a deterrent purpose, not merely compensating revenue loss. Case-Laws Customs Wed, 09 Jan 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49080