https://www.taxtmi.com/caselaws?id=248221 The High Court upheld the Tribunal's decision to reduce the penalty imposed on the appellant from Rs. 6 lacs to Rs. 2 lacs under section 112(b) of the Customs Act. The Court found that the appellant's involvement in the company's import and export activities, coupled with his role in causing a loss of duty to customs, justified the penalty. The Court dismissed the appeal, stating that the Tribunal's findings were not illegal, perverse, or erroneous, thereby affirming the penalty reduction based on the appellant's significant role in the company's affairs. en-us Wed, 07 May 2014 00:00:00 +0530 Mon, 09 May 2016 17:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248221 The High Court upheld the Tribunal's decision to reduce the penalty imposed on the appellant from Rs. 6 lacs to Rs. 2 lacs under section 112(b) of the Customs Act. The Court found that the appellant's involvement in the company's import and export activities, coupled with his role in causing a loss of duty to customs, justified the penalty. The Court dismissed the appeal, stating that the Tribunal's findings were not illegal, perverse, or erroneous, thereby affirming the penalty reduction based on the appellant's significant role in the company's affairs. Case-Laws Customs Wed, 07 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248221