https://www.taxtmi.com/caselaws?id=116043 The Tribunal ruled on stay applications against penalties imposed by the Commissioner of Customs on directors. Despite arguments of lack of direct involvement or abetment in Customs Act violations, the Tribunal upheld penalties for abetting offenses committed by the company. Directors were directed to pre-deposit Rs. 50,000 each and execute personal bonds for pending appeals, acknowledging financial hardships but denying complete waiver. The decision required compliance within a specified period, staying recovery of balance amounts pending appeal hearings. en-us Tue, 21 Jun 2005 00:00:00 +0530 Wed, 06 Jun 2012 17:30:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116043 The Tribunal ruled on stay applications against penalties imposed by the Commissioner of Customs on directors. Despite arguments of lack of direct involvement or abetment in Customs Act violations, the Tribunal upheld penalties for abetting offenses committed by the company. Directors were directed to pre-deposit Rs. 50,000 each and execute personal bonds for pending appeals, acknowledging financial hardships but denying complete waiver. The decision required compliance within a specified period, staying recovery of balance amounts pending appeal hearings. Case-Laws Customs Tue, 21 Jun 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116043