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TMI Blog2015 (10) TMI 1096X X X X Extracts X X X X X X X X Extracts X X X X ..... of explanation given by the appellant for filing the appeal beyond time. Held That:- Tribunal has taken an appropriate view of the matter to reduce the quantum and impose the penalty under Sections 114 (i), 114 AA of Customs Act, 1962 and finds that quantum of penalty imposed is pure question of fact and does not raise any substantial question of law – Appeal dismissed in favour of the Respond ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e learned counsel for appellant submits that the delay for not filing the appeal within time has been satisfactorily explained. The application under Section 5 of Limitation Act is allowed. The delay in filing the appeal is condoned. Let the appeal be registered with regular number and the old number shall also continue to be shown in bracket for finding out details of case, whenever required b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y of ₹ 10 Lakhs each under sections 114 (i), 114 AA of Customs Act, 1962. Similarly, so far as the quantum of penalty imposed on Sri Mukul Sharma, respondent No. 2, is concerned, it did not find favour with the Tribunal being highly excessive and the Tribunal has rightly taken a lenient view and reduced it to ₹ 50,000/- payable by the respondent No. 2. It is also pertinent to mention h ..... X X X X Extracts X X X X X X X X Extracts X X X X
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