Section 114 Customs Act: Penalties for Overvaluation of Exports Overturned Due to Lack of Merit for Appellants.

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....Levy of penalties u/s 114 of the Customs Act, 1962 - overvaluation of export of goods for availment of higher rate of drawback - Penalty on person who partnered with exporter - Penalty on Bank / Approved Banker for abetment - There are no merits in the impugned order, in so far as it has imposed penalties under Section 114 ibid, on the appellants - AT....