https://www.taxtmi.com/caselaws?id=108976 Penalty under Section 112(a) of the Customs Act and Rule 209A of the Central Excise Rules, 1944 requires material showing that the person dealt with goods knowing, or having reason to believe, that they were liable to confiscation. On the record, no specific allegation, cogent ground, or supporting evidence was shown against the directors, and the Revenue produced no material to establish the requisite knowledge or belief. The reduction of the company's penalties in the connected matter did not create an independent basis for penal action against the directors. Penalty on the respondents was therefore unwarranted, and the Revenue appeals were rejected. en-us Thu, 01 May 2003 00:00:00 +0530 Thu, 05 Apr 2012 12:21:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108976 Penalty under Section 112(a) of the Customs Act and Rule 209A of the Central Excise Rules, 1944 requires material showing that the person dealt with goods knowing, or having reason to believe, that they were liable to confiscation. On the record, no specific allegation, cogent ground, or supporting evidence was shown against the directors, and the Revenue produced no material to establish the requisite knowledge or belief. The reduction of the company's penalties in the connected matter did not create an independent basis for penal action against the directors. Penalty on the respondents was therefore unwarranted, and the Revenue appeals were rejected. Case-Laws Customs Thu, 01 May 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108976