https://www.taxtmi.com/caselaws?id=792484 Penalty under section 114(iii) of the Customs Act requires proof that the person did, or omitted to do, an act rendering the goods liable to confiscation under section 113. No material showed that the Customs Broker participated in overvaluation, knew the export goods were overvalued, or withheld any such knowledge from the department. The valuation of export goods is not the Customs Broker's function, and mere non-cooperation during investigation does not by itself satisfy the ingredients for penalty. The penalty was therefore not sustainable and was set aside. en-us Tue, 26 May 2026 00:00:00 +0530 Fri, 29 May 2026 08:59:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792484 Penalty under section 114(iii) of the Customs Act requires proof that the person did, or omitted to do, an act rendering the goods liable to confiscation under section 113. No material showed that the Customs Broker participated in overvaluation, knew the export goods were overvalued, or withheld any such knowledge from the department. The valuation of export goods is not the Customs Broker's function, and mere non-cooperation during investigation does not by itself satisfy the ingredients for penalty. The penalty was therefore not sustainable and was set aside. Case-Laws Customs Tue, 26 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792484