https://www.taxtmi.com/caselaws?id=257690 Penalty proceedings under Sections 112(a) and 114AA of the Customs Act could not survive against co-noticees once the principal importer's case had been settled by the Settlement Commission. The Tribunal applied the principle that settlement in favour of the person entitled to seek it brings the connected proceedings against co-noticees to an end, so the earlier settlement operated for the appellants as well. On that basis, the penalties were held unsustainable and were set aside, with consequential relief granted as permissible. en-us Mon, 24 Mar 2014 00:00:00 +0530 Thu, 19 Mar 2015 12:36:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257690 Penalty proceedings under Sections 112(a) and 114AA of the Customs Act could not survive against co-noticees once the principal importer's case had been settled by the Settlement Commission. The Tribunal applied the principle that settlement in favour of the person entitled to seek it brings the connected proceedings against co-noticees to an end, so the earlier settlement operated for the appellants as well. On that basis, the penalties were held unsustainable and were set aside, with consequential relief granted as permissible. Case-Laws Customs Mon, 24 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257690