Just a moment...

Report
ReportReport
Welcome to TaxTMI

We're migrating from taxmanagementindia.com to taxtmi.com and wish to make this transition convenient for you. We welcome your feedback and suggestions. Please report any errors you encounter so we can address them promptly.

Bars
Logo TaxTMI
>
×

By creating an account you can:

Report an Error
Type of Error :
Please tell us about the error :
Min 15 characters0/2000
TMI Blog
Home /

2007 (6) TMI 218

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....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....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....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....