https://www.taxtmi.com/caselaws?id=123866 The Appellate Tribunal CESTAT, Ahmedabad set aside the imposition of personal penalties on the appellants by the Commissioner of Central Excise. The penalties were imposed under Section 112(b) of the Customs Act for allegedly receiving duty-free imported polyester yarn. The Tribunal found that the appellants were not aware of the nature of the yarn and that Section 112(b) was not applicable as the goods were manufactured in India, attracting excise duty, not customs duty. The appeals were allowed with consequential relief in favor of the appellants. en-us Wed, 22 Aug 2007 00:00:00 +0530 Fri, 21 Sep 2012 14:41:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=123866 The Appellate Tribunal CESTAT, Ahmedabad set aside the imposition of personal penalties on the appellants by the Commissioner of Central Excise. The penalties were imposed under Section 112(b) of the Customs Act for allegedly receiving duty-free imported polyester yarn. The Tribunal found that the appellants were not aware of the nature of the yarn and that Section 112(b) was not applicable as the goods were manufactured in India, attracting excise duty, not customs duty. The appeals were allowed with consequential relief in favor of the appellants. Case-Laws Central Excise Wed, 22 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=123866