2006 (8) TMI 212 - HC - Customs

Summary

The High Court of Judicature at Bombay dismissed a petition challenging a CESTAT order confirming a penalty for illegal import. The petitioner admitted involvement in the scheme and investments for profit. The court upheld the penalty reduction by CESTAT, stating that the petitioner's admissions were valid evidence under Section 108 of the Customs Act, 1962. The petition was dismissed.