https://www.taxtmi.com/caselaws?id=53109 The Tribunal set aside the penalty imposed on the appellant under Section 112 of the Customs Act for non-fulfillment of export obligations due to economic crisis. The Tribunal ruled that in cases where there is no mens rea to evade duty by not fulfilling obligations, the penalty under Section 112 is not applicable. The impugned order was modified solely to that extent, allowing the appeal in favor of the appellant. en-us Tue, 28 Sep 2004 00:00:00 +0530 Mon, 11 Oct 2010 10:06:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=53109 The Tribunal set aside the penalty imposed on the appellant under Section 112 of the Customs Act for non-fulfillment of export obligations due to economic crisis. The Tribunal ruled that in cases where there is no mens rea to evade duty by not fulfilling obligations, the penalty under Section 112 is not applicable. The impugned order was modified solely to that extent, allowing the appeal in favor of the appellant. Case-Laws Central Excise Tue, 28 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=53109