9911796707
TMI Blog2014 (5) TMI 56X X X X Extracts X X X X X X X X Extracts X X X X ..... the importers and their employees is not sustainable – The action of the importers or their employees in paying an amount for which was shown by the individuals who master minded the entire fraud, can at the most be an act of erroneous business diligence on their part - Such an action is not covered u/s 112(a) in as much as the importers or their employees never could have had a doubt that their ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he Appellant : Shri F A Ayubbi, Adv. For the Respondent : Shri G P Thomas, AR JUDGEMENT Per: M V Ravindran: By this common order, the following appeals are disposed of as they raise the common question of law and facts. Appeal No Name of the Appellant Category C/256/2008 M/s Push ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... none appeared on behalf of other appellants, since the issue raised in those appeals are common they are being disposed of in the absence of any representations on their behalf. 3. Heard Learned Department Representative Shri G P Thomas. 4. On considering the submissions made by both sides and perusal of records, I find that the issue involved in this case is regarding imposition of penaltie ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ts and also were have contravened the business ethics by purchasing demand drafts which were not issued by their own bankers. In my considered view, the action of the importers or their employees in paying an amount for which was shown by the individuals who master minded the entire fraud, can at the most be an act of erroneous business diligence, on their part. In my view, such an action is not c ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
