Penalty u/s 112 Can’t be imposed unless Evidences to Show Prior Knowledge of Fraud and Wrongful Intent: CESTAT [Read Order]

In a recent case the Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ), Kolkata held that it is a settled law that penalty under Section 112 of the Customs Act, 1962 cannot be imposed unless the evidence is adduced to show prior knowledge of fraud and wrongful intent. On the basis of specific […]

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