https://www.taxtmi.com/caselaws?id=122755 The court found M/s. Aries Telecom (P) Ltd. liable for possessing telecom equipment of foreign origin without proof of licit import, leading to penalties under Section 112 of the Customs Act. The penalty imposed on the Managing Director was set aside as being beyond the scope of the findings. The company was erroneously penalized under both Section 112(a) and 112(b), resulting in the penalty being reduced to Rs. 30,000 from Rs. 1.00 lakh. The appeal for M/s. Aries Telecom (P) Ltd. was disposed of accordingly. en-us Fri, 17 Aug 2007 00:00:00 +0530 Fri, 17 Aug 2012 10:23:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122755 The court found M/s. Aries Telecom (P) Ltd. liable for possessing telecom equipment of foreign origin without proof of licit import, leading to penalties under Section 112 of the Customs Act. The penalty imposed on the Managing Director was set aside as being beyond the scope of the findings. The company was erroneously penalized under both Section 112(a) and 112(b), resulting in the penalty being reduced to Rs. 30,000 from Rs. 1.00 lakh. The appeal for M/s. Aries Telecom (P) Ltd. was disposed of accordingly. Case-Laws Customs Fri, 17 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122755