TaxTMI 
TaxTMI 
2002 (9) TMI 224
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.... arrived by Air India Flight from Singapore consigned to M/s. Zet Sun Inc. Impex at Khar, Bombay and recovered computer parts valued at Rs. 40 lakhs; which was seized under the reasonable belief that they had been smuggled into India. Enquiries revealed that the owners of the premises of the consignee were one Iftikar Shaikh and his wife Lubna Shaikh; that such premises had been given on leave and....
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....under seizure. Statements of Shri Salim Haji Ahmed Motiwala and Afzal Mehmood Mozawala, employees of M/s. Green Channel were recorded in which they had denied knowledge about seizure of the computer parts. The appellant's further statement was recorded on 28-3-1994 wherein he stated that one Yunus had come to his shop and told him that he had applied for Import-Export Code; that any correspondence....
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....nowledge or involvement with the goods under seizure. 3. Show cause notice proposing confiscation and imposition of penalty was issued to M/s. Zet Sun Inc. Impex and others including the appellant. The adjudicating authority ordered absolute confiscation of the goods covered by airway bill and imposed penalties on the importer and others. He imposed penalty of Rs. 1 lakh on the appellant herein. ....