https://www.taxtmi.com/caselaws?id=267114 The Tribunal upheld the penalty imposition under Section 112 of the Customs Act, 1962 on the Director of a company for purchasing goods without valid documents, leading to duty evasion. The penalty was reduced from Rs. 1 Lakh to Rs. 25,000 considering the appellant's role in facilitating illegal activities by buying goods without proper documentation. The Tribunal found the appellant liable for penal action but acknowledged mitigating factors in reducing the penalty amount, ultimately disposing of the appeal with the revised penalty specified in the order. en-us Fri, 09 Oct 2015 00:00:00 +0530 Fri, 30 Oct 2015 06:35:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267114 The Tribunal upheld the penalty imposition under Section 112 of the Customs Act, 1962 on the Director of a company for purchasing goods without valid documents, leading to duty evasion. The penalty was reduced from Rs. 1 Lakh to Rs. 25,000 considering the appellant's role in facilitating illegal activities by buying goods without proper documentation. The Tribunal found the appellant liable for penal action but acknowledged mitigating factors in reducing the penalty amount, ultimately disposing of the appeal with the revised penalty specified in the order. Case-Laws Customs Fri, 09 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267114