https://www.taxtmi.com/caselaws?id=115314 The Tribunal set aside the penalty imposed under Section 114(A) of the Customs Act on the appellants' company, ordering a refund. However, the penalty imposed on the Managing Director under Section 112(a) and (b) of the Customs Act was upheld. The Tribunal found the penalty on the company to be illegal as it did not fall under the specified conditions of Section 114(A), while the penalty on the Managing Director for improper importation of goods was deemed appropriate. en-us Tue, 15 Mar 2005 00:00:00 +0530 Fri, 25 May 2012 18:57:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=115314 The Tribunal set aside the penalty imposed under Section 114(A) of the Customs Act on the appellants' company, ordering a refund. However, the penalty imposed on the Managing Director under Section 112(a) and (b) of the Customs Act was upheld. The Tribunal found the penalty on the company to be illegal as it did not fall under the specified conditions of Section 114(A), while the penalty on the Managing Director for improper importation of goods was deemed appropriate. Case-Laws Customs Tue, 15 Mar 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=115314