2009 (1) TMI 100

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....sed the following question: "Whether in the facts and circumstances of the case, the Tribunal is justified in setting aside the amount of penalty levied/imposed on the employees of the firm under Section 112(a) of the Customs Act,1962 being employees of the firm on the ground that they as employees were not aware of the provisions of law?" 2. Learned counsel for the appellant seeks permission to....

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....ees, including the respondent-assessee. Penalty of Rs.75,000/- came to be imposed under Section 72 read with Section 112(b) and/or Section 114A of the Customs Act,1962. Respondent-assessee carried the matter in appeal alongwith the appeal filed by the Unit. In case of the respondent, Tribunal deleted the penalty holding that the respondent had no knowledge and hence provisions of Section 112(b) of....