9911796707
TMI Blog2013 (12) TMI 231X X X X Extracts X X X X X X X X Extracts X X X X ..... year, as provided under Section 72 of the Customs Act, 1962. I find that the appellant has cleared the consignment from the warehouse almost after a period of three years from the date of expiry of the period of one year and during which period holdup the consignment in warehouse. Appellant has violated the provisions of Section 61 and is liable to be penalised under Section 72 of the Customs A ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , on the goods which were not cleared by them warehoused under the provisions of Section 61 of the customs Act, 1962. 2. Since the appellant has already deposited the amount of duty liability with interest interest, the only issue remained in this case is regarding imposition of penalty, which both the lower authorities have quantified as an amount of Rs. 50,000/- under the provisions of Section ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ided under Section 72 of the Customs Act, 1962. I find that the appellant has cleared the consignment from the warehouse almost after a period of three years from the date of expiry of the period of one year and during which period holdup the consignment in warehouse. 6. I find that the appellant has violated the provisions of Section 61 and is liable to be penalised under Section 72 of the Cust ..... X X X X Extracts X X X X X X X X Extracts X X X X
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