https://www.taxtmi.com/caselaws?id=42158 The court upheld the judgment, ruling that the petitioners were not liable for the penalty imposed under Section 112 of the Customs Act, 1962. The unauthorized amendment of licenses and import of synthetic yarn occurred without their knowledge or involvement. The petitioners acted in good faith and took steps to prevent misuse of licenses. The appeal was dismissed with costs. en-us Fri, 11 Sep 1981 00:00:00 +0530 Wed, 09 Jun 2010 14:24:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=42158 The court upheld the judgment, ruling that the petitioners were not liable for the penalty imposed under Section 112 of the Customs Act, 1962. The unauthorized amendment of licenses and import of synthetic yarn occurred without their knowledge or involvement. The petitioners acted in good faith and took steps to prevent misuse of licenses. The appeal was dismissed with costs. Case-Laws Customs Fri, 11 Sep 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=42158