https://www.taxtmi.com/highlights?id=98670 Penalty under section 112(b) was unsustainable because the essential element of knowledge that the goods were liable to confiscation was not proved. The appellant had purchased the branded watches locally from the importer, was not involved in the import declaration process, and stated that the price revision followed the importer's price list. In the absence of documentary evidence showing awareness of the retail sale price declared at import or the duty position, the Tribunal held that mens rea could not be presumed. The penalty was set aside and the appeal was allowed. en-us Fri, 10 Apr 2026 09:52:00 +0530 Fri, 10 Apr 2026 09:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=98670 Penalty under section 112(b) was unsustainable because the essential element of knowledge that the goods were liable to confiscation was not proved. The appellant had purchased the branded watches locally from the importer, was not involved in the import declaration process, and stated that the price revision followed the importer's price list. In the absence of documentary evidence showing awareness of the retail sale price declared at import or the duty position, the Tribunal held that mens rea could not be presumed. The penalty was set aside and the appeal was allowed. Highlights Customs Fri, 10 Apr 2026 09:52:00 +0530 https://www.taxtmi.com/highlights?id=98670