https://www.taxtmi.com/caselaws?id=125963 The appellant was alleged to have abetted the illegal sale of goods imported duty-free against non-transferable advance licences, leading to penal action under the Customs Act. The Tribunal reduced the penalty from Rs. 5 lakh to Rs. 50,000 considering the minor role and commission received. A separate judgment by Member (Judicial) set aside the penalty entirely, citing lack of evidence of the appellant's knowledge of the fraudulent nature of the licences. Ultimately, the appeal was allowed, and the penalty imposed on the appellant was overturned. en-us Fri, 12 Dec 2008 00:00:00 +0530 Thu, 01 Nov 2012 09:27:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=125963 The appellant was alleged to have abetted the illegal sale of goods imported duty-free against non-transferable advance licences, leading to penal action under the Customs Act. The Tribunal reduced the penalty from Rs. 5 lakh to Rs. 50,000 considering the minor role and commission received. A separate judgment by Member (Judicial) set aside the penalty entirely, citing lack of evidence of the appellant's knowledge of the fraudulent nature of the licences. Ultimately, the appeal was allowed, and the penalty imposed on the appellant was overturned. Case-Laws Customs Fri, 12 Dec 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=125963