https://www.taxtmi.com/caselaws?id=106452 The Tribunal found no justification for the penalty imposed on M/s. Thangam Steels Ltd. under Section 112 of the Customs Act, 1962. Due to discrepancies in consignee details and lack of evidence linking the appellants to the importation of goods, the penalty was deemed unwarranted. The Tribunal emphasized the importance of actual ownership and direct involvement in import transactions, ultimately granting relief to the appellants by overturning the penalty imposition. en-us Fri, 19 Jul 2002 00:00:00 +0530 Wed, 14 Mar 2012 12:08:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106452 The Tribunal found no justification for the penalty imposed on M/s. Thangam Steels Ltd. under Section 112 of the Customs Act, 1962. Due to discrepancies in consignee details and lack of evidence linking the appellants to the importation of goods, the penalty was deemed unwarranted. The Tribunal emphasized the importance of actual ownership and direct involvement in import transactions, ultimately granting relief to the appellants by overturning the penalty imposition. Case-Laws Customs Fri, 19 Jul 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106452