No penalty u/s 114AA of the Customs Act for mis-declaration to DGFT

S.B. Agarwal Vs Commissioner of Customs (CESTAT Delhi) Conclusion: The alleged misdeclaration in the year of manufacture of the machinery to be imported by the appellant to the Directorate General of Foreign Trade ( DGFT ) did not fall within the purview of Section 114AA of the Customs Act, 1962. Held: S.B. Agarwal, proprietor1 of M/s. Nimbark Textile Mills filed this appeal to assail the personal penalty of Rs.71,66,520/- imposed on him under section 114AA of the Customs Act, 19622 passed by Commissioner of Customs, Jodhpur. There was allegations of misdeclaration of the year of manufacture ...