Dual Custodianship on same good Cannot be Granted: CESTAT Sets Aside penalty Imposed under Customs Act

The CESTAT has set aside a penalty imposed under the Customs Act, ruling that dual custodianship on the same goods cannot be granted. The case involved a dispute over the management of goods, with customs authorities imposing penalties on the importers. The tribunal clarified that dual custodianship, in this case, was not permissible and canceled the penalty. This ruling highlights the need for clarity in customs procedures and ensures that penalties are only imposed when warranted by proper legal grounds. It also reinforces the importance of clear and consistent customs regulations.