https://www.taxtmi.com/caselaws?id=202646 The Appellate Tribunal, Kolkata, revoked the penalty imposed on a partnership firm under the Customs Act for failure to supervise an employee involved in abetment of smuggling foreign currency. The Tribunal found that penalizing the firm solely for the employee's actions without evidence of partners' knowledge or intention was unjustified. Consequently, the Commissioner's penalty order was set aside, providing relief to the Appellant as the penalty on the partnership firm was revoked. The appeal favored the Appellant, emphasizing the insufficiency of grounds for penalty imposition under the Customs Act. en-us Thu, 03 Jun 2010 00:00:00 +0530 Sat, 22 Jan 2011 15:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202646 The Appellate Tribunal, Kolkata, revoked the penalty imposed on a partnership firm under the Customs Act for failure to supervise an employee involved in abetment of smuggling foreign currency. The Tribunal found that penalizing the firm solely for the employee's actions without evidence of partners' knowledge or intention was unjustified. Consequently, the Commissioner's penalty order was set aside, providing relief to the Appellant as the penalty on the partnership firm was revoked. The appeal favored the Appellant, emphasizing the insufficiency of grounds for penalty imposition under the Customs Act. Case-Laws Customs Thu, 03 Jun 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202646