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2016 (8) TMI 28 - CESTAT CHENNAI

2016 (8) TMI 28 - CESTAT CHENNAI - TMI - Levy of penalty - use of IEC code of others for import of goods - It was contended that once the goods have suffered duty and interest and penalty has been paid, this appellant should not suffer another penalty of ₹ 2,00,000/- imposed under section 112 (a) of the Customs Act, 1962. - Held that:- Revenue is correct to say that there were two different offences committed by two different persons. While Shri M. Gouri Shanker was lender of IEC code and .....

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, AC (AR) ORDER Learned counsel says that Shri M. Gouri Shanker was owner of M/s. M.G. Trading Co. who has already suffered duty and interest with penalty to the extent of 25% of the duty element on the allegation that he imported the furniture for which order was placed by Shri L. Harish Gandhi. Therefore, once the goods have suffered duty and interest and penalty has been paid, this appellant should not suffer another penalty of ₹ 2,00,000/- imposed under section 112 (a) of the Customs A .....

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