https://www.taxtmi.com/caselaws?id=170126 The judgment set aside the penalty imposed on the appellants under Section 112 (b) of the Customs Act, 1962 for dealing with a vehicle below market price without substantial evidence of their knowledge about its tainted nature. The court emphasized the necessity of personal involvement in illegal importation for penalty imposition and ruled that penalties cannot be based on presumptions alone. As the appellants were not directly engaged in the importation or registration of the vehicle and lacked concrete evidence of their awareness of its status, the penalty was revoked, giving them the benefit of the doubt. en-us Thu, 09 Dec 2010 00:00:00 +0530 Sat, 16 May 2015 18:43:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=170126 The judgment set aside the penalty imposed on the appellants under Section 112 (b) of the Customs Act, 1962 for dealing with a vehicle below market price without substantial evidence of their knowledge about its tainted nature. The court emphasized the necessity of personal involvement in illegal importation for penalty imposition and ruled that penalties cannot be based on presumptions alone. As the appellants were not directly engaged in the importation or registration of the vehicle and lacked concrete evidence of their awareness of its status, the penalty was revoked, giving them the benefit of the doubt. Case-Laws Customs Thu, 09 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=170126