2003 (7) TMI 81

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..... cence under the Duty Exemption Scheme whereunder it could import Orthoxylene without payment of import duty against its obligation to export Pthalic Anhydride. After the import of Orthoxylene and using the same in the manufacture of Anhydride, the company could not export the same due to recession in the international market and sold it in the domestic market. Pursuance to an order passed by the G .....

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..... re 25 lakhs on the company, the Directors of the company including the petitioner were also debarred from receiving any import licence, customs clearance permits, etc. for a period of two years. Certain orders were also passed against the Directors of the company. Appeals were filed by the Directors of the company against the orders passed by respondent No. 2, however, the same were dismissed. Dir .....

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..... , 1995 and the aforesaid order having been quashed, as aforesaid, I do not see any reason to differ with the aforesaid judgment dated 7-7-2003. I am even otherwise satisfied that the orders of penalty, etc. could not have been passed against the Directors of company as not only that show cause notice was not given to the Directors but the opportunity of hearing was also not given before passing th .....

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