Quantum of penalty levied under Section 114 (iii) of the Customs ...
Penalty Under Customs Act 1962 for Fraudulent Export Reduced from Rs. 75 Lacs to Rs. 25,000 Due to Overvaluation.
January 14, 2022
Case Laws Customs AT
Quantum of penalty levied under Section 114 (iii) of the Customs Act, 1962 - fraudulent export as goods were grossly undervalued - the appellant has acted only on the instruction of the employer and more so on the basis of the signed documents i.e. invoice given by his employer. - The exorbitant penalty of ₹ 75 Lacs is not justified - the penalty is reduced from ₹ 75 Lacs to ₹ 25,000/-. - AT
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