https://www.taxtmi.com/caselaws?id=465832 Where an importer allegedly short-paid customs duty due to misclassification, the Tribunal held that penalty under s.114A of the Customs Act, 1962 was unsustainable because the importer had, prior to issuance of the SCN, voluntarily deposited the entire differential duty along with applicable interest. In such circumstances, the matter ought to have been concluded in terms of s.28(2), rendering further proceedings for penalty unwarranted. Consequently, the penalty imposed under s.114A was set aside and the appeal was allowed to that extent. en-us Mon, 11 Apr 2022 00:00:00 +0530 Sat, 10 Jan 2026 13:47:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465832 Where an importer allegedly short-paid customs duty due to misclassification, the Tribunal held that penalty under s.114A of the Customs Act, 1962 was unsustainable because the importer had, prior to issuance of the SCN, voluntarily deposited the entire differential duty along with applicable interest. In such circumstances, the matter ought to have been concluded in terms of s.28(2), rendering further proceedings for penalty unwarranted. Consequently, the penalty imposed under s.114A was set aside and the appeal was allowed to that extent. Case-Laws Customs Mon, 11 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465832