Unlawful outward remittances via Hawala using proforma invoices and electronic records proved; documents admitted, directors penalised, penalties redu...
Attachment of equivalent-value properties as proceeds of crime upheld; preventive attachment order and confirmation sustained; no independent ED reinv...
Page of 4828
Press 'Enter' after typing page number.
7381 to 7400 of 96556 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
CESTAT allowed the appeal of the appellant-CHA and set aside the penalty imposed under s.114AA of the Customs Act, 1962. The Tribunal noted that the appellant had submitted KYC documents of the importers to the investigating agency and this was not rebutted by Revenue. Further, the request for cross-examination of key witnesses was not granted. In absence of corroborated evidence, the adjudicating authority's finding that the appellant knowingly used fabricated documents and false declarations was held unsustainable. The unproved and contested statements could not establish any overt act or mens rea required to attract liability under s.114AA.
CESTAT allowed the appeal of the appellant-CHA and set aside the penalty imposed under s.114AA of the Customs Act, 1962. The Tribunal noted that the appellant had submitted KYC documents of the importers to the investigating agency and this was not rebutted by Revenue. Further, the request for cross-examination of key witnesses was not granted. In absence of corroborated evidence, the adjudicating authority's finding that the appellant knowingly used fabricated documents and false declarations was held unsustainable. The unproved and contested statements could not establish any overt act or mens rea required to attract liability under s.114AA.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
