https://www.taxtmi.com/caselaws?id=791976 Penalty under section 112(b) of the Customs Act could not be sustained where transporter statements recorded under section 108 were not proved in compliance with section 138B and were unsupported by independent corroboration. The record did not show that the appellant had acquired, possessed, dealt with, or been concerned in goods liable to confiscation, nor that it had the required knowledge or reason to believe that the goods were so liable. In the absence of evidence linking the appellant to confiscable goods under section 111, the penalty was rightly set aside. en-us Tue, 19 May 2026 00:00:00 +0530 Thu, 21 May 2026 08:30:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791976 Penalty under section 112(b) of the Customs Act could not be sustained where transporter statements recorded under section 108 were not proved in compliance with section 138B and were unsupported by independent corroboration. The record did not show that the appellant had acquired, possessed, dealt with, or been concerned in goods liable to confiscation, nor that it had the required knowledge or reason to believe that the goods were so liable. In the absence of evidence linking the appellant to confiscable goods under section 111, the penalty was rightly set aside. Case-Laws Customs Tue, 19 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791976