2014 (5) TMI 636

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..... lant Shri Sanjeev Kumar has filed this appeal against the impugned order passed by the Commissioner of Customs. The appellant before us is only challenging imposition of penalty under section 114AA of Customs Act, 1962. 2. In the impugned order, penalty of Rs.5 lakh imposed on the appellant under section 114AA of Customs Act, 1962.  3. The contention of the appellant is that in the present .....

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..... uty, therefore, penalty has rightly been imposed on the appellant. 5. Heard both sides. 6. We find that the provisions of section 114AA of the Act were enacted under Taxation Laws (Amendment) Act, 2006 with effect from 13.7.2006 and the provisions were not in force at the time of import of the goods. We find merit in the contention of the appellant. Therefore, impugned order is set aside in resp .....

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