https://www.taxtmi.com/caselaws?id=384531 The Tribunal dismissed the Revenue's appeals challenging penalties imposed on the Director of a company under Section 112(b) of the Customs Act, 1962. The Tribunal cited lack of merit, failure to justify delay in filing appeals, and adherence to monetary limits for filing appeals as reasons for the dismissal. It was argued that corporate entities are not liable for penalties under Section 112, which applies to natural persons. The judgment emphasized the proper application of legal principles in penalty imposition and interpretation of relevant statutory provisions. en-us Tue, 13 Aug 2019 00:00:00 +0530 Fri, 16 Aug 2019 07:54:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384531 The Tribunal dismissed the Revenue's appeals challenging penalties imposed on the Director of a company under Section 112(b) of the Customs Act, 1962. The Tribunal cited lack of merit, failure to justify delay in filing appeals, and adherence to monetary limits for filing appeals as reasons for the dismissal. It was argued that corporate entities are not liable for penalties under Section 112, which applies to natural persons. The judgment emphasized the proper application of legal principles in penalty imposition and interpretation of relevant statutory provisions. Case-Laws Customs Tue, 13 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384531