https://www.taxtmi.com/caselaws?id=121939 The Tribunal held that the penalty imposed on the appellant, as a company officer, for the company's failure to meet export obligations was not sustainable. It was ruled that in the absence of fraud or misappropriation by the individual officer, penalties should be imposed on the company as a legal entity. The appeal was allowed, setting aside the penalty and emphasizing the separation of liabilities between a company and its officers. The judgment clarified that significant positions within a company do not automatically entail individual liability for company obligations. en-us Fri, 06 Jul 2007 00:00:00 +0530 Tue, 31 Oct 2017 13:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121939 The Tribunal held that the penalty imposed on the appellant, as a company officer, for the company's failure to meet export obligations was not sustainable. It was ruled that in the absence of fraud or misappropriation by the individual officer, penalties should be imposed on the company as a legal entity. The appeal was allowed, setting aside the penalty and emphasizing the separation of liabilities between a company and its officers. The judgment clarified that significant positions within a company do not automatically entail individual liability for company obligations. Case-Laws Customs Fri, 06 Jul 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121939