https://www.taxtmi.com/caselaws?id=75137 The Tribunal set aside penalties on certain parties while reducing the penalty on the Chairman of the importing company in a case involving the import and sale of coal under Notification No. 31/97-Cus. Goods were confiscated under Section 111(o) of the Customs Act, 1962, despite provisional assessments not being finalized, as domestic sale rendered them liable. Penalties were dismissed for lack of mens rea in one appellant's case. The importance of fulfilling import conditions and knowledge in penalty imposition cases was emphasized, stressing legal obligations and consequences of non-compliance with import regulations. en-us Thu, 02 Jul 2009 00:00:00 +0530 Fri, 26 Mar 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=75137 The Tribunal set aside penalties on certain parties while reducing the penalty on the Chairman of the importing company in a case involving the import and sale of coal under Notification No. 31/97-Cus. Goods were confiscated under Section 111(o) of the Customs Act, 1962, despite provisional assessments not being finalized, as domestic sale rendered them liable. Penalties were dismissed for lack of mens rea in one appellant's case. The importance of fulfilling import conditions and knowledge in penalty imposition cases was emphasized, stressing legal obligations and consequences of non-compliance with import regulations. Case-Laws Customs Thu, 02 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=75137