https://www.taxtmi.com/caselaws?id=124481 The Appellate Tribunal CESTAT, Ahmedabad, set aside the penalty of Rs. 3 lakhs imposed on the appellant under Section 114 of the Customs Act, 1962. The penalty was based on the appellant's alleged role as a middleman between the manufacturing company and the merchant-exporter. The Tribunal found that the evidence provided by the Revenue, primarily a statement from the manufacturing company's director and a cheque book signed by the appellant, was insufficient to prove the appellant's involvement in the export process. As such, the Tribunal allowed the appeal, emphasizing that a penalty cannot be imposed solely based on an uncorroborated statement of a co-accused. en-us Fri, 07 Nov 2008 00:00:00 +0530 Sat, 29 Sep 2012 18:31:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=124481 The Appellate Tribunal CESTAT, Ahmedabad, set aside the penalty of Rs. 3 lakhs imposed on the appellant under Section 114 of the Customs Act, 1962. The penalty was based on the appellant's alleged role as a middleman between the manufacturing company and the merchant-exporter. The Tribunal found that the evidence provided by the Revenue, primarily a statement from the manufacturing company's director and a cheque book signed by the appellant, was insufficient to prove the appellant's involvement in the export process. As such, the Tribunal allowed the appeal, emphasizing that a penalty cannot be imposed solely based on an uncorroborated statement of a co-accused. Case-Laws Customs Fri, 07 Nov 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=124481