https://www.taxtmi.com/caselaws?id=123926 The Tribunal set aside the personal penalties imposed on M/s Cosmos Trading Co. and Shri Nilesh Bansal under Section 112 of the Customs Act, 1962 for their alleged involvement in the illegal diversion of duty-free goods. The Tribunal found that the appellants acted in compliance with instructions from M/s Systematic Corporation for job work processing, and were not knowingly involved in the illegal activities of the supporting manufacturer. Therefore, the Tribunal extended the benefit of doubt and overturned the penalties imposed on the appellants. en-us Tue, 06 May 2008 00:00:00 +0530 Tue, 02 Aug 2016 18:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=123926 The Tribunal set aside the personal penalties imposed on M/s Cosmos Trading Co. and Shri Nilesh Bansal under Section 112 of the Customs Act, 1962 for their alleged involvement in the illegal diversion of duty-free goods. The Tribunal found that the appellants acted in compliance with instructions from M/s Systematic Corporation for job work processing, and were not knowingly involved in the illegal activities of the supporting manufacturer. Therefore, the Tribunal extended the benefit of doubt and overturned the penalties imposed on the appellants. Case-Laws Customs Tue, 06 May 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=123926