Conclusion The tribunal found that the penalty imposed on the appellant-custodian (CCSP) is sustainable. However, the quantum of penalties imposed are not appropriate to the discrepancies/non-adherence/contraventions of the provisions of HCCAR, 2009 and Customs Act, 1962 committed by the custodians, hence, the bench stated that the penalties imposed can be considered for reduction. The bench reduced the penalty of Rs. 50,000/- imposed on the Custodian (CCSP) to Rs. 10,000/- under Regulation 12(8) of HCCAR, 2009. Further, the penalty imposed under Section 117 of the Customs Act, 1962 is reduced from Rs. 4,00,000/- to Rs. 25,000/-. Case Details Case Name: Container Corporation of India Ltd. v/s Commissioner of Customs Bangalore Citation: Customs Appeal No. 20674 of 2021 Tribunal: CESTAT Bangalore Coram: Mr. Pullela Nageswara Rao, Member (Technical) Download Order / Judgment