2009 (8) TMI 205 - HC - Customs

It is the case of the petitioner that the penalty was imposed without complying with the requirements under Section 124 of the Customs Act 1962. - Penalty of Rs. 20, 000/- has been paid. It has also not been controverted by the respondents. In the light of that the order imposing penalty of Rs. 20, 000/- on the petitioner is set aside. The respondents within twelve weeks from today are directed to refund the amount of penalty of Rs. 20, 000/- along with interest thereon

Summary

The Bombay High Court set aside a penalty of Rs. 20,000 imposed on the petitioner under the Customs Act, 1962, as it was not imposed in compliance with Section 124. The court directed the respondents to refund the penalty amount with 8% interest from the date it was paid.