https://www.taxtmi.com/caselaws?id=172121 The Tribunal granted Shri R.K. Goyal, Smt. Geeta Goyal, Directors of M/s. Bronze Logistics Ltd. & M/s. Bronze Logistics Pvt. Ltd., a waiver from pre-deposit of penalties and a stay on recovery during the appeal process. This decision was based on the lack of direct evidence linking the appellants to over-invoicing and fraudulent exports, as the Revenue's case relied solely on financial transactions without substantial proof of their involvement. The Tribunal found the presumption against the appellants to be unsubstantiated, leading to the favorable outcome for the appellants in challenging the penalty imposed under the Customs Act, 1962. en-us Mon, 16 Dec 2013 00:00:00 +0530 Tue, 11 Aug 2015 19:29:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=172121 The Tribunal granted Shri R.K. Goyal, Smt. Geeta Goyal, Directors of M/s. Bronze Logistics Ltd. & M/s. Bronze Logistics Pvt. Ltd., a waiver from pre-deposit of penalties and a stay on recovery during the appeal process. This decision was based on the lack of direct evidence linking the appellants to over-invoicing and fraudulent exports, as the Revenue's case relied solely on financial transactions without substantial proof of their involvement. The Tribunal found the presumption against the appellants to be unsubstantiated, leading to the favorable outcome for the appellants in challenging the penalty imposed under the Customs Act, 1962. Case-Laws Customs Mon, 16 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=172121