https://www.taxtmi.com/caselaws?id=750945 The CESTAT Chennai held that directors of a company cannot be penalized for purchasing an imported luxury vehicle that had already been cleared by customs after enhanced valuation and penalty payment. The original importer had misused the Transfer of Residence scheme, but customs had already detected violations, collected penalties, and cleared the goods for home consumption. Since the appellants were purchasers, not importers, and the vehicle had been legitimately cleared after penal action, no subsequent penalty could be imposed on them. The tribunal found no specific charges against the directors beyond their involvement in the car purchase, which did not constitute a customs violation. The penalty order against the appellants was set aside and appeal allowed. en-us Wed, 03 Apr 2024 00:00:00 +0530 Thu, 04 Apr 2024 05:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=750945 The CESTAT Chennai held that directors of a company cannot be penalized for purchasing an imported luxury vehicle that had already been cleared by customs after enhanced valuation and penalty payment. The original importer had misused the Transfer of Residence scheme, but customs had already detected violations, collected penalties, and cleared the goods for home consumption. Since the appellants were purchasers, not importers, and the vehicle had been legitimately cleared after penal action, no subsequent penalty could be imposed on them. The tribunal found no specific charges against the directors beyond their involvement in the car purchase, which did not constitute a customs violation. The penalty order against the appellants was set aside and appeal allowed. Case-Laws Customs Wed, 03 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=750945