2017 (4) TMI 1296

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..... f Customs Act, 1962) thus being a residuary provisions which can be invoked against any individuals/persons failing to comply with the provisions of Customs Act, 1962 where express penalty is otherwise not provided for such contraventions or failure. Accordingly, she has imposed penalty on the respondent under Section 114(iii) of the Customs Act, 1962 - It is settled law that imposition of penalty .....

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..... rised Representative submits that this appeal is against the order of the adjudicating authority on the ground that the penalty imposed being very less considering the amount of drawback sanctioned to the respondent herein. It is his submission that the adjudicating authority has not imposed proportionate penalty despite the fact that the value of the goods which are held liable for confiscation i .....

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..... ere are no penal provisions in Sections 74 and 75 of Customs Act, 1962) thus being a residuary provisions which can be invoked against any individuals/persons failing to comply with the provisions of Customs Act, 1962 where express penalty is otherwise not provided for such contraventions or failure. Accordingly, she has imposed penalty on the respondent under Section 114(iii) of the Customs Act, .....

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