https://www.taxtmi.com/caselaws?id=793025 Penalty under section 112(a) of the Customs Act, 1962 cannot be sustained unless the imported goods are liable to confiscation; here, confiscation under section 111(m) was ruled out because the declared value was found correct and the overvaluation allegation failed, so the penalty was not imposable. Penalty under section 114AA also could not be imposed because no false or incorrect declaration in the import documents was established. The departmental appeals therefore failed, leaving the dropping of proceedings undisturbed. en-us Fri, 05 Jun 2026 00:00:00 +0530 Mon, 08 Jun 2026 08:52:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793025 Penalty under section 112(a) of the Customs Act, 1962 cannot be sustained unless the imported goods are liable to confiscation; here, confiscation under section 111(m) was ruled out because the declared value was found correct and the overvaluation allegation failed, so the penalty was not imposable. Penalty under section 114AA also could not be imposed because no false or incorrect declaration in the import documents was established. The departmental appeals therefore failed, leaving the dropping of proceedings undisturbed. Case-Laws Customs Fri, 05 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793025