https://www.taxtmi.com/caselaws?id=99767 The Tribunal upheld penalties imposed on three appellants by the Commissioner of Customs for involvement in the unauthorized removal of bonded stock of imported materials using duplicate keys. The penalties were reduced from Rs. 5.00 lakh to Rs. 25,000 each due to their status as employees of the company. Despite their denial of knowledge, evidence indicated their active roles in the unauthorized activities. The appellants' appeals were rejected except for the modification in the penalty amount. en-us Fri, 16 Jun 2000 00:00:00 +0530 Mon, 30 Jan 2012 10:49:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99767 The Tribunal upheld penalties imposed on three appellants by the Commissioner of Customs for involvement in the unauthorized removal of bonded stock of imported materials using duplicate keys. The penalties were reduced from Rs. 5.00 lakh to Rs. 25,000 each due to their status as employees of the company. Despite their denial of knowledge, evidence indicated their active roles in the unauthorized activities. The appellants' appeals were rejected except for the modification in the penalty amount. Case-Laws Customs Fri, 16 Jun 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99767