2005 (4) TMI 348

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....espondent. [Order per : Jyoti Balasundaram, Vice-President]. -  The Revenue is aggrieved by the order of the Collector of Customs (Appeals), Mumbai setting aside the penalty of Rs. 50,000/- imposed on the Respondent herein by the Additional Collector of Customs on the ground that he along with others colluded with M/s. Ritu Fashions in diverting polyester textiles imported duty free und....

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....Mr. Sud would get 20% and M/s. Ritu Exports would get remaining 40%; accordingly, Mr. Raikhanna obtained advance licence for import of polyester cloth; licence expired but was renewed through one Mr. Bindra to whom Mr. Sharma was introduced by the respondent Mr. Sharma has further stated that the respondent gave him four correspondence files on 17-4-1986. Mr. K.L. Sud has stated he knows the respo....

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....as assisted M/s. Ritu Exports in obtaining advance licence for import of polyester fabrics. However, this does not amount to trafficking in any advance licence as held by the Adjudicating Authority. There is no material on record to establish that the respondent had the knowledge that the goods imported by M/s. Ritu Exports duty free under advance licence would not be used in manufacture of export....