Levy of penalty u/s 112 (a) and 112 (b) of the Customs Act, 1962 ...

No Penalties for Misdeclaration Under Customs Act Sections 112(a) & 112(b) Due to Bona Fide Belief in IEC Use.

May 24, 2023

Case Laws Customs AT

Levy of penalty u/s 112 (a) and 112 (b) of the Customs Act, 1962 - import by misdeclaration of description and value of the consignments using the IEC registered in the name of other person and shell companies - The act of action of the appellant is only under bonafide belief. - No penalty - AT

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Levy of penalty u/s 112 (a) and 112 (b) of the Customs Act, 1962 ...

No Penalties for Misdeclaration Under Customs Act Sections 112(a) & 112(b) Due to Bona Fide Belief in IEC Use.

May 24, 2023

Case Laws Customs AT

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