https://www.taxtmi.com/caselaws?id=391751 The Settlement Commission granted immunity to M/s Big Vision Pvt Ltd and its Managing Director from fines, penalties, and interest under the Customs Act, leading to the dropping of proceedings against the company. Penal action against Shri Santosh Nair was dropped as the adjudicating authority found no evidence of his involvement in customs duty evasion. The tribunal dismissed the revenue's appeal against M/s Big Vision Pvt Ltd as infructuous and upheld the decision to drop penal action against Shri Santosh Nair, concluding that he was not implicated in the evasion of duty. en-us Wed, 23 Oct 2019 00:00:00 +0530 Tue, 10 Nov 2020 11:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391751 The Settlement Commission granted immunity to M/s Big Vision Pvt Ltd and its Managing Director from fines, penalties, and interest under the Customs Act, leading to the dropping of proceedings against the company. Penal action against Shri Santosh Nair was dropped as the adjudicating authority found no evidence of his involvement in customs duty evasion. The tribunal dismissed the revenue's appeal against M/s Big Vision Pvt Ltd as infructuous and upheld the decision to drop penal action against Shri Santosh Nair, concluding that he was not implicated in the evasion of duty. Case-Laws Customs Wed, 23 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391751