2009 (6) TMI 727 - AT - Customs

Summary

The Appellate Tribunal CESTAT, Ahmedabad allowed stay petitions for three appellants who faced penalties for fake paper entries without physical receipt of goods. Penalties were imposed under Section 112(b) of the Customs Act, 1962 and Rule 26 of the Central Excise Rules, 2002. The Tribunal found that since the goods were not physically dealt with by the appellants, penalties cannot be imposed. Stay on penalty recovery was granted during the appeal process.