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2003 (4) TMI 559
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.... Per C. Satapathy : Shri M. Setalwad, learned Advocate appearing for the appellants states that these three appeals are essentially on the same issue. The appellants imported some items through courier, part of which came through Madras (Appeal No. C/461/02-MUM) and partly through Mumbai Airport (Appeal No. C/528/02-MUM.). The third appeal is against penalty of Rs. 1 Lakh imposed on official of t....
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...., penalty under Section 114A cannot be sustained as no amount has been specified. (5) Penalties are excessive both on the appellant company and the official of the appellant company. 2. Shri M.K. Gupta, learned Jt. C.D.R. appearing for the Department states that for the period prior to insertion of Section 114A, penalty can be imposed under Section 112. He fairly concedes that the case needs....