Company and Director Penalized Under Customs Act for Red Sandalwood Export Attempt; Lack of Evidence Questioned.

Company and Director Penalized Under Customs Act for Red Sandalwood Export Attempt; Lack of Evidence Questioned. https://www.taxtmi.com/highlights?id=67041 Levy of penalty on the Company as well as on the Director under Section 114(i) of the Customs Act, 1962 - seizure of Red Sandal Wood - illegal export out of India - The allegation of abetting in the attempted illegal export of prohibited goods are not supported by any direct, corroborative or cogent evidence - It has been held time and again that separate penalty on the company and the Director for the same default should not be imposed. - AT en-us Mon, 12 Dec 2022 06:08:44 +0530 Mon, 12 Dec 2022 06:08:44 +0530 TaxTMI RSS Generator Company and Director Penalized Under Customs Act for Red Sandalwood Export Attempt; Lack of Evidence Questioned. https://www.taxtmi.com/highlights?id=67041 Levy of penalty on the Company as well as on the Director under Section 114(i) of the Customs Act, 1962 - seizure of Red Sandal Wood - illegal export out of India - The allegation of abetting in the attempted illegal export of prohibited goods are not supported by any direct, corroborative or cogent evidence - It has been held time and again that separate penalty on the company and the Director for the same default should not be imposed. - AT Highlights Customs Mon, 12 Dec 2022 06:08:44 +0530 https://www.taxtmi.com/highlights?id=67041