2007 (6) TMI 218

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....89 of 2006 against the order of second respondent, the Customs, Excise and Service Tax Appellate Tribunal, Chennai, wherein the petitioner was directed to pre-deposit 25% of the penalty imposed on a sum of Rs. 18,75,000/-. By order dated 2-11-2006, the said order of the second respondent was modified by the learned Single Judge by reducing the pre-deposit amount to Rs. 18 lakhs and directed the pe....

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....e further contention raised by the learned Counsel for the appellant by relying upon Section 112 of the Customs Act, 1962, that there is a bar in imposing penalty in respect of individual directors when the company itself has been imposed with the penalty, we do not see any substance in the said contention. A reading of Section 112 of the Customs Act shows that there is no bar in imposing the pena....