https://www.taxtmi.com/caselaws?id=115136 The Tribunal upheld penalties under Sections 112 and 114 of the Customs Act, 1962, on the Chairman and Managing Director for their roles in large-scale violations, including overvaluation of exports and diversion of imported goods. Penalties were adjusted to reasonable amounts. Penalties on General Managers were set aside due to lack of independent authority. Allegations of natural justice violations were dismissed. Appeals were disposed of with these determinations. en-us Wed, 13 Apr 2005 00:00:00 +0530 Thu, 16 May 2024 15:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=115136 The Tribunal upheld penalties under Sections 112 and 114 of the Customs Act, 1962, on the Chairman and Managing Director for their roles in large-scale violations, including overvaluation of exports and diversion of imported goods. Penalties were adjusted to reasonable amounts. Penalties on General Managers were set aside due to lack of independent authority. Allegations of natural justice violations were dismissed. Appeals were disposed of with these determinations. Case-Laws Customs Wed, 13 Apr 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=115136