https://www.taxtmi.com/caselaws?id=794378 Penalties under the Customs Act, 1962 for alleged overvaluation of export consignments and wrongful IGST refund were examined on the basis of alleged facilitation of fraudulent exports. The Tribunal held that penal action under Section 114(iii) and Section 114AA requires cogent proof of active participation, conscious knowledge, or deliberate involvement, and that mere suspicion, conjecture, or movement of documents through intermediaries is insufficient. Relying on its earlier decision on identical facts, it treated the absence of direct or corroborative evidence of a deliberate nexus as fatal to the Revenue's case and set aside the penalties. en-us Wed, 01 Jul 2026 00:00:00 +0530 Sat, 04 Jul 2026 08:15:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794378 Penalties under the Customs Act, 1962 for alleged overvaluation of export consignments and wrongful IGST refund were examined on the basis of alleged facilitation of fraudulent exports. The Tribunal held that penal action under Section 114(iii) and Section 114AA requires cogent proof of active participation, conscious knowledge, or deliberate involvement, and that mere suspicion, conjecture, or movement of documents through intermediaries is insufficient. Relying on its earlier decision on identical facts, it treated the absence of direct or corroborative evidence of a deliberate nexus as fatal to the Revenue's case and set aside the penalties. Case-Laws Customs Wed, 01 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794378