TMI Blog2016 (12) TMI 430X X X X Extracts X X X X X X X X Extracts X X X X ..... y rule or regulation in terms of which a penalty to the extent of ₹ 50,000/- can be imposed on any person for contravention of the provisions of rule or regulation. As such, it is seen that the said section is empowering Section and cannot be adopted by itself for imposition of penalty. It does not stand to brought to our notice that any rule or regulation stand framed under this Section for ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... said penalty stands imposed in terms of Section 158A(2)(2i) of the Customs Act, 1962. 2. It is seen that on account of certain allegations of filing Bills of Entry on behalf of their importer client, a Show Cause Notice was issued to the appellant proposing to revoke/cancel the CHA licence as also proposing forfeiting of the security amount and imposition of penalty upon him under Section 158(2 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... under this Act may provide- (i) . (ii) that any person who contravenes any provision of a rule or regulation or abets such contravention or who fails to comply with any provision of a rule or regulation with which it was his duty to comply, shall be liable to a penalty which may extend to fifty thousand rupees. 4. As is seen from the above, the said Section empowers the Central Gov ..... X X X X Extracts X X X X X X X X Extracts X X X X
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