https://www.taxtmi.com/caselaws?id=213150 The tribunal set aside penalties imposed on IDBI Bank Ltd. and an employee in a case involving fraudulent exports by merchant exporters. The employee's lack of direct involvement in handling impugned goods and the remote liability of the bank led to the penalties being revoked. The tribunal found that the penalties were unjustified as the employee's actions, deemed careless, did not constitute an offense under Section 114 of the Customs Act. Ultimately, the appeals were allowed, and penalties on both the employee and the bank were revoked. en-us Fri, 03 Jun 2011 00:00:00 +0530 Mon, 16 Apr 2012 16:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213150 The tribunal set aside penalties imposed on IDBI Bank Ltd. and an employee in a case involving fraudulent exports by merchant exporters. The employee's lack of direct involvement in handling impugned goods and the remote liability of the bank led to the penalties being revoked. The tribunal found that the penalties were unjustified as the employee's actions, deemed careless, did not constitute an offense under Section 114 of the Customs Act. Ultimately, the appeals were allowed, and penalties on both the employee and the bank were revoked. Case-Laws Customs Fri, 03 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213150