2002 (7) TMI 143 - AT - Customs

Summary

The Appellate Tribunal CEGAT, Mumbai waived the penalty of Rs. 5 lakhs imposed on the Director of M/s. Jai Bhagawati Impex Pvt. Ltd. and M/s. Wescon Exports Pvt. Ltd. for importing marble and not clearing it promptly. The Tribunal found that since no action was taken against the importing companies, the penalty on the Director was set aside. The appeal was allowed in favor of the appellant.