https://www.taxtmi.com/caselaws?id=110393 The Tribunal set aside the confiscation of goods brought back for substitution by an Export-Oriented Unit (EOU) in violation of EOU provisions, confirming a duty amount of Rs. 9,23,492. While penalty imposition was upheld for duty evasion, the penalty amount was reduced due to the evasion exceeding Rs. 34 lakhs. The Managing Director, who was not personally involved and was ill during the relevant period, was absolved of personal liability, with the penalty imposed on him being set aside. en-us Tue, 25 Nov 2003 00:00:00 +0530 Mon, 16 Apr 2012 15:49:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110393 The Tribunal set aside the confiscation of goods brought back for substitution by an Export-Oriented Unit (EOU) in violation of EOU provisions, confirming a duty amount of Rs. 9,23,492. While penalty imposition was upheld for duty evasion, the penalty amount was reduced due to the evasion exceeding Rs. 34 lakhs. The Managing Director, who was not personally involved and was ill during the relevant period, was absolved of personal liability, with the penalty imposed on him being set aside. Case-Laws Customs Tue, 25 Nov 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110393