https://www.taxtmi.com/caselaws?id=791914 Penalty under section 112(b) of the Customs Act cannot be sustained on uncorroborated third-party records or statements recorded under section 108 unless the evidentiary requirements of section 138B are complied with. Where no independent material supports the alleged purchase, receipt, or dealing in goods, and the record does not establish conscious involvement or knowledge that the goods were liable to confiscation, the essential ingredients of section 112(b) remain unproved. On that basis, the penalty was set aside. en-us Tue, 19 May 2026 00:00:00 +0530 Wed, 20 May 2026 08:31:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791914 Penalty under section 112(b) of the Customs Act cannot be sustained on uncorroborated third-party records or statements recorded under section 108 unless the evidentiary requirements of section 138B are complied with. Where no independent material supports the alleged purchase, receipt, or dealing in goods, and the record does not establish conscious involvement or knowledge that the goods were liable to confiscation, the essential ingredients of section 112(b) remain unproved. On that basis, the penalty was set aside. Case-Laws Customs Tue, 19 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791914