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2019 (4) TMI 947 - CESTAT MUMBAI
100% EOU - Provisional release of goods - export of goods - No corroborative evidences - cross examination of witnesses - Held that:- It is settled law that statements recorded under section 108 of Customs Act, 1962 are admissible piece of evidence and need not be further corroborated.
The goods were liable for confiscation under Section 113(i) and the exporter liable to penalty under Section 114 (iii) of the Customs Act, 1962. However, the ends of justice will be met if the penalty imposed on the exporter i.e. Appellant 1 is reduced to ₹ 40,00,000/- (Rupees Forty Lakhs only).
Appeal allowed in part.