2008 (4) TMI 667

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..... Negi, SDR, for the Respondent. [Order per : Archana Wadhwa, Member (J)]. - The challenge in the present appeal is to imposition of personal penalty of Rs. 10 lakhs upon the appellant who is Director of M/s. Cymex Time Ltd., in terms of provisions of Section 112(a) of the Customs Act, 1962. The appeal filed by M/s. Cymex Time Ltd. against confirmation of demand stands dismissed by the Tribunal .....

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..... ission or omission of rendering goods liable for confiscation, he cannot be penalized. In the present matter, we find that there is no role attributable to the appellant, reflecting upon his personal knowledge. 3. As such, we set aside the penalty imposed upon him and allow the present appeal with consequential relief to him. (Dictated and pronounced in Court) - - TaxTMI - TMITax - Custo .....

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