https://www.taxtmi.com/caselaws?id=752748 Cancellation of warehouse licences was held unsustainable where genuine insurance policies were available and port NOC was not shown to be a statutory requirement; the order was set aside as excessive and disproportionate to the alleged lapse. Penalty on the Director under Section 117 of the Customs Act, 1962 was also held unsustainable because no specific statutory contravention by the Director was established, and the general penal provision could not be used to cover alleged regulation breaches without an express penal clause. The licences were restored and the personal penalty deleted. en-us Fri, 03 May 2024 00:00:00 +0530 Fri, 17 May 2024 08:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752748 Cancellation of warehouse licences was held unsustainable where genuine insurance policies were available and port NOC was not shown to be a statutory requirement; the order was set aside as excessive and disproportionate to the alleged lapse. Penalty on the Director under Section 117 of the Customs Act, 1962 was also held unsustainable because no specific statutory contravention by the Director was established, and the general penal provision could not be used to cover alleged regulation breaches without an express penal clause. The licences were restored and the personal penalty deleted. Case-Laws Customs Fri, 03 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752748