https://www.taxtmi.com/caselaws?id=347846 The Tribunal imposed penalties on a company and its directors, including an Executive Director, for breaching conditions under the Customs Act, 1962. The penalties of Rs. 50 lakhs on the company, Rs. 10 lakhs on the Executive Director, and Rs. 20 lakhs on the Chairman were upheld by the High Court. The appellant's involvement in diverting goods to the local market was established through evidence, justifying the penalty under Section 112(a) of the Act. The court found no legal issues to interfere with the Tribunal's decision, affirming the penalties based on conclusive factual findings. en-us Thu, 07 Sep 2017 00:00:00 +0530 Wed, 25 Apr 2018 18:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347846 The Tribunal imposed penalties on a company and its directors, including an Executive Director, for breaching conditions under the Customs Act, 1962. The penalties of Rs. 50 lakhs on the company, Rs. 10 lakhs on the Executive Director, and Rs. 20 lakhs on the Chairman were upheld by the High Court. The appellant's involvement in diverting goods to the local market was established through evidence, justifying the penalty under Section 112(a) of the Act. The court found no legal issues to interfere with the Tribunal's decision, affirming the penalties based on conclusive factual findings. Case-Laws Customs Thu, 07 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347846