Fortune Impex vs Commissioner Of Customs, Kolkata

The Supreme Court dismissed appeals challenging a Tribunal's order that upheld allegations and a penalty of four lakhs imposed under the Customs Act. The Court refused to entertain a new legal contention regarding the validity of penalties imposed under Section 114 on both the exporting and supplying companies, as the argument was not raised before the Tribunal. The ruling affirms the Tribunal's decision based on the facts and circumstances of the case.