https://www.taxtmi.com/caselaws?id=124413 The Appellate Tribunal set aside the penalty imposed on a Bank manager under Section 20 of the Customs Act for opening current accounts in the name of a proprietor and a company involved in overvaluing goods. The Tribunal found no evidence of collusion or personal benefit, concluding that the penalty was not sustainable. The appeal for waiver of the penalty was allowed. en-us Tue, 22 Jul 2008 00:00:00 +0530 Sat, 29 Sep 2012 10:42:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=124413 The Appellate Tribunal set aside the penalty imposed on a Bank manager under Section 20 of the Customs Act for opening current accounts in the name of a proprietor and a company involved in overvaluing goods. The Tribunal found no evidence of collusion or personal benefit, concluding that the penalty was not sustainable. The appeal for waiver of the penalty was allowed. Case-Laws Customs Tue, 22 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=124413