2001 (9) TMI 181 - AT - Customs

Summary

The Appellate Tribunal CEGAT, Kolkata overturned a personal penalty of Rs. 1,00,000 imposed on the appellant due to lack of evidence other than the uncorroborated statement of co-accused. The tribunal found that such statements cannot be sole basis for penalty imposition. The appeal was allowed, and the penalty was set aside.