https://www.taxtmi.com/caselaws?id=153737 The Appellate Tribunal CESTAT CHENNAI set aside the penalty imposition of Rs. Four lakhs each under Section 114(i) of the Act on Shri M. Natarajan and another individual for lending an IE code that resulted in the attempted export of prohibited goods. The Tribunal found no evidence of involvement in activities rendering the goods liable to confiscation or abetting such actions. It was concluded that the lending of the IE code was not knowingly done for smuggling, leading to the inapplicability of Section 114 and the successful appeal of the appellants. en-us Thu, 28 Jan 2010 00:00:00 +0530 Mon, 29 Jul 2013 12:07:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=153737 The Appellate Tribunal CESTAT CHENNAI set aside the penalty imposition of Rs. Four lakhs each under Section 114(i) of the Act on Shri M. Natarajan and another individual for lending an IE code that resulted in the attempted export of prohibited goods. The Tribunal found no evidence of involvement in activities rendering the goods liable to confiscation or abetting such actions. It was concluded that the lending of the IE code was not knowingly done for smuggling, leading to the inapplicability of Section 114 and the successful appeal of the appellants. Case-Laws Customs Thu, 28 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=153737