https://www.taxtmi.com/caselaws?id=327849 The appellant was found guilty of non-compliance with Public Notice No. 17/2012 and held liable for penalties related to Red Sanders smuggling. The penalty on the company was reduced from Rs. 10 lakhs to Rs. 3 lakhs, following a precedent, while the appeal of the sales executive was allowed. The judgment emphasized the importance of adhering to KYC norms to prevent smuggling activities, highlighting the significance of regulatory compliance and the consequences of non-compliance even for those not directly involved in illegal acts. en-us Wed, 09 Mar 2016 00:00:00 +0530 Fri, 11 Nov 2016 10:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327849 The appellant was found guilty of non-compliance with Public Notice No. 17/2012 and held liable for penalties related to Red Sanders smuggling. The penalty on the company was reduced from Rs. 10 lakhs to Rs. 3 lakhs, following a precedent, while the appeal of the sales executive was allowed. The judgment emphasized the importance of adhering to KYC norms to prevent smuggling activities, highlighting the significance of regulatory compliance and the consequences of non-compliance even for those not directly involved in illegal acts. Case-Laws Customs Wed, 09 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327849