https://www.taxtmi.com/caselaws?id=112245 The Tribunal imposed a penalty of Rs. 5 lakh on one Director of M/s. Cyber Express Pvt. Ltd. for customs violations related to CD Rom exports, while other individuals were not penalized due to varying levels of involvement. The Tribunal rejected the application of the corporate veil principle, holding that Directors can be personally liable for fraudulent activities conducted through a company. Confiscation of goods and imposition of penalties were upheld based on evidence of wrongful export practices, emphasizing individual accountability for customs violations. en-us Mon, 02 Aug 2004 00:00:00 +0530 Fri, 27 Apr 2012 12:52:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112245 The Tribunal imposed a penalty of Rs. 5 lakh on one Director of M/s. Cyber Express Pvt. Ltd. for customs violations related to CD Rom exports, while other individuals were not penalized due to varying levels of involvement. The Tribunal rejected the application of the corporate veil principle, holding that Directors can be personally liable for fraudulent activities conducted through a company. Confiscation of goods and imposition of penalties were upheld based on evidence of wrongful export practices, emphasizing individual accountability for customs violations. Case-Laws Customs Mon, 02 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112245