2007 (9) TMI 69

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..... penalty not imposable and set aside - C/1038/1997 - A/505/2007-WZB/C-I/(C.S.T.B.) - Dated:- 12-9-2007 - [Order per : Jyoti Balasundaram, Vice-President]. - The appellant challenges imposition of penalty of Rs. 10,00,000/-under the provisions of Section 112 of the Customs Act, 1962, which action has been taken by holding that he had assisted in selling of mulberry raw silk imported duty free .....

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..... en fulfilled and hence it was not possible to raise sale invoices. From the above, it cannot be said that the appellant had knowledge at the time of sale of 3,000 kgs. of mulberry raw silk on behalf of Kantilal Rathod that the sale was in contravention of the notification and the provisions of the Import-Export Policy, for the reason that it does not come out from the statement that even at the ti .....

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