https://www.taxtmi.com/caselaws?id=769816 Personal penalty on a company director for export-obligation default cannot be sustained without specific allegations and proof of the director's own role, duty, or conscious participation in the contravention under the Foreign Trade (Development and Regulation) Act, 1992. The proceedings were also held unsustainable because the notices did not effectively fasten liability on the individual noticee and did not properly reflect the company's liquidation status or proceed appropriately in that changed legal context. Inordinate unexplained delay in issuing and concluding the action further reinforced its arbitrariness, and the penalty orders were set aside. en-us Tue, 22 Apr 2025 00:00:00 +0530 Fri, 02 May 2025 08:54:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769816 Personal penalty on a company director for export-obligation default cannot be sustained without specific allegations and proof of the director's own role, duty, or conscious participation in the contravention under the Foreign Trade (Development and Regulation) Act, 1992. The proceedings were also held unsustainable because the notices did not effectively fasten liability on the individual noticee and did not properly reflect the company's liquidation status or proceed appropriately in that changed legal context. Inordinate unexplained delay in issuing and concluding the action further reinforced its arbitrariness, and the penalty orders were set aside. Case-Laws Customs Tue, 22 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769816