2000 (10) TMI 775 - AT - Customs

Summary

The Appellate Tribunal CEGAT, Kolkata ruled in favor of the Appellant, Shri Anil Bhalla, setting aside the personal penalty of Rs. 5.00 lakhs imposed on him under Section 112 of the Customs Act, 1962. The Tribunal found no evidence of his personal involvement in the offense committed by the company and noted that he had resigned from the directorship after the offense was committed. The penalty was deemed unjustified due to lack of material indicating his specific role in the offense.