2007 (6) TMI 218

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....ein has filed a Writ Petition No. 19089 of 2006 against the order of second respondent, the Customs, Excise and Service Tax Appellate Tribunal, Chennai, wherein the petitioner was directed to pre-deposit 25% of the penalty imposed on a sum of Rs. 18,75,000/-. By order dated 2-11-2006, the said order of the second respondent was modified by the learned Single Judge by reducing the pre-deposit amoun....

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....ing the appeal on merits. As regards the further contention raised by the learned Counsel for the appellant by relying upon Section 112 of the Customs Act, 1962, that there is a bar in imposing penalty in respect of individual directors when the company itself has been imposed with the penalty, we do not see any substance in the said contention. A reading of Section 112 of the Customs Act shows th....