Penalty u/s 112 of the Customs Act, 1962 - violation of the conditions of the Advance Authorisation...

Penalty u/s 112 of the Customs Act, 1962 - violation of the conditions of the Advance Authorisation Licence - appellant, being an employee, only accepted directorship of the two companies under instructions of his employer, and was not personally involved - penalty reduced from ₹ 25 lakh to ₹ 50,000/- .....

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