https://www.taxtmi.com/caselaws?id=51517 The appeals were dismissed, upholding the Commissioner of Customs, Calcutta's decision that the consignments were liable to confiscation under Section 113(i) of the Customs Act, 1962. Penalties of Rs. 70,00,000/- and Rs. 50,00,000/- were imposed on the appellants under Section 114 of the Customs Act, 1962 for fraudulent export activities involving discrepancies in the goods exported under the DEEC scheme. The involvement of a related party in the fraudulent exports was also established through inquiries into previous exports. en-us Fri, 10 May 2002 00:00:00 +0530 Sat, 25 Sep 2010 12:13:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51517 The appeals were dismissed, upholding the Commissioner of Customs, Calcutta's decision that the consignments were liable to confiscation under Section 113(i) of the Customs Act, 1962. Penalties of Rs. 70,00,000/- and Rs. 50,00,000/- were imposed on the appellants under Section 114 of the Customs Act, 1962 for fraudulent export activities involving discrepancies in the goods exported under the DEEC scheme. The involvement of a related party in the fraudulent exports was also established through inquiries into previous exports. Case-Laws Customs Fri, 10 May 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51517