https://www.taxtmi.com/caselaws?id=54068 The Tribunal allowed both appeals, setting aside the penalties imposed on the appellants due to insufficient evidence, lack of knowledge or involvement in fraudulent activities, and improper imposition of penalties based on presumptions and assumptions. The judgment emphasized the appellants' lack of awareness of the imported goods' status and their dealings at arm's length with the importers, leading to the conclusion that the penalties were unjustified. en-us Thu, 06 Jan 2005 00:00:00 +0530 Sat, 16 Oct 2010 16:47:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54068 The Tribunal allowed both appeals, setting aside the penalties imposed on the appellants due to insufficient evidence, lack of knowledge or involvement in fraudulent activities, and improper imposition of penalties based on presumptions and assumptions. The judgment emphasized the appellants' lack of awareness of the imported goods' status and their dealings at arm's length with the importers, leading to the conclusion that the penalties were unjustified. Case-Laws Customs Thu, 06 Jan 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54068