2002 (4) TMI 746 - AT - Customs

Summary

The Appellate Tribunal CEGAT, Mumbai set aside a penalty of Rs. 2,500 imposed on a firm of Chartered Accountants for aiding and abetting in an import transaction. The penalty was based on the issue of a consumption certificate, but the tribunal found no evidence of aiding and abetting. The penalty was overturned, and the appeal was allowed.