https://www.taxtmi.com/caselaws?id=208168 The court quashed the penalty imposed on the petitioner, the managing director, under Section 112 of the Customs Act. The court emphasized the requirement of establishing conscious evasion of duty for penalty imposition. It found that the penalty was unjustified as there was no evidence of the petitioner's involvement in duty evasion, especially considering the circumstances of company liquidation and business failure. The judgment underscored the importance of providing reasons and evidence before penalizing individuals under penal provisions, stressing the need for conscious efforts to evade duty before imposing penalties. en-us Fri, 02 Nov 2007 00:00:00 +0530 Mon, 18 Mar 2013 16:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208168 The court quashed the penalty imposed on the petitioner, the managing director, under Section 112 of the Customs Act. The court emphasized the requirement of establishing conscious evasion of duty for penalty imposition. It found that the penalty was unjustified as there was no evidence of the petitioner's involvement in duty evasion, especially considering the circumstances of company liquidation and business failure. The judgment underscored the importance of providing reasons and evidence before penalizing individuals under penal provisions, stressing the need for conscious efforts to evade duty before imposing penalties. Case-Laws Customs Fri, 02 Nov 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208168