https://www.taxtmi.com/caselaws?id=346032 The Tribunal set aside the penalty of Rs. 15 lakhs imposed under Section 112 of the Customs Act on the appellant, Shri Pradeep S. Mehta, as penalties proposed under Section 114A in the Show Cause Notice cannot be imposed under Section 112. Additionally, the Tribunal ruled that the appropriation of Rs. 28 lakhs deposited by Vishal Exports towards the penalty imposed on Paresh H. Parekh was irregular and lacked legal basis. The Tribunal allowed both appeals (C/248/2007 and C/249/2007), with consequential benefits as per law. en-us Fri, 07 Jul 2017 00:00:00 +0530 Thu, 21 Feb 2019 14:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346032 The Tribunal set aside the penalty of Rs. 15 lakhs imposed under Section 112 of the Customs Act on the appellant, Shri Pradeep S. Mehta, as penalties proposed under Section 114A in the Show Cause Notice cannot be imposed under Section 112. Additionally, the Tribunal ruled that the appropriation of Rs. 28 lakhs deposited by Vishal Exports towards the penalty imposed on Paresh H. Parekh was irregular and lacked legal basis. The Tribunal allowed both appeals (C/248/2007 and C/249/2007), with consequential benefits as per law. Case-Laws Customs Fri, 07 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346032