https://www.taxtmi.com/caselaws?id=126851 The Appellate Tribunal CESTAT AHMEDABAD dismissed the appeal by M/s. Cymex Time Ltd. against the imposition of a personal penalty of Rs. 10 lakhs on the Director under Section 112(a) of the Customs Act, 1962. The Tribunal found no evidence of personal involvement or knowledge of the Director in the actions leading to the penalty, leading to the penalty being set aside and the appeal allowed with consequential relief. en-us Wed, 09 Apr 2008 00:00:00 +0530 Fri, 01 Feb 2013 11:53:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126851 The Appellate Tribunal CESTAT AHMEDABAD dismissed the appeal by M/s. Cymex Time Ltd. against the imposition of a personal penalty of Rs. 10 lakhs on the Director under Section 112(a) of the Customs Act, 1962. The Tribunal found no evidence of personal involvement or knowledge of the Director in the actions leading to the penalty, leading to the penalty being set aside and the appeal allowed with consequential relief. Case-Laws Customs Wed, 09 Apr 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126851