https://www.taxtmi.com/caselaws?id=356004 The Tribunal upheld the penalty imposed on the appellant under Section 114 AA of the Customs Act, 1962, for his involvement in a case related to imported telecommunication equipment. Despite the appellant's arguments, the Tribunal found him responsible as a Director of the importing company, reducing the penalty from Rs. 1 crore to Rs. 50 lakhs due to specific circumstances of the case. The Tribunal emphasized the appellant's significant role and rejected claims of being a lower-level employee, ultimately deciding that justice warranted the reduced penalty amount. en-us Tue, 20 Feb 2018 00:00:00 +0530 Mon, 18 Mar 2019 14:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356004 The Tribunal upheld the penalty imposed on the appellant under Section 114 AA of the Customs Act, 1962, for his involvement in a case related to imported telecommunication equipment. Despite the appellant's arguments, the Tribunal found him responsible as a Director of the importing company, reducing the penalty from Rs. 1 crore to Rs. 50 lakhs due to specific circumstances of the case. The Tribunal emphasized the appellant's significant role and rejected claims of being a lower-level employee, ultimately deciding that justice warranted the reduced penalty amount. Case-Laws Customs Tue, 20 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356004