https://www.taxtmi.com/caselaws?id=430861 The Tribunal allowed the appeals, setting aside the Order-in-Original issued in 2007 by the Commissioner of Customs. It found the bank, a subsequent purchaser of goods, had no direct involvement in the importation process by the third party, rendering the penalties under Section 112 unsustainable. The judgment emphasized timely proceedings, specific evidence for liability, and the impact of unusual delays on proceedings. It highlighted principles of natural justice, relieving the bank from unjust penalties due to lack of involvement in the importation process. en-us Fri, 25 Nov 2022 00:00:00 +0530 Wed, 30 Nov 2022 07:28:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430861 The Tribunal allowed the appeals, setting aside the Order-in-Original issued in 2007 by the Commissioner of Customs. It found the bank, a subsequent purchaser of goods, had no direct involvement in the importation process by the third party, rendering the penalties under Section 112 unsustainable. The judgment emphasized timely proceedings, specific evidence for liability, and the impact of unusual delays on proceedings. It highlighted principles of natural justice, relieving the bank from unjust penalties due to lack of involvement in the importation process. Case-Laws Customs Fri, 25 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430861