Vineet Gupta under the said Act for violating
Sections 112(a) and 114AA of the Act. Penalty of Rs.50,000/- was also
imposed ... penalty under 112(a)
when there is a penalty imposed under section
114AA . Therefore penalty under 112(a) is set
aside in full. Considering
knowledge. Thus, they are not
liable for penalty under Section 114A and
114AA as the fraud was perpetrated not by
them but by other persons ... other
requirements as expected of them; Invocation of
Section 112 , 114A or 114AA is not legally sustainable;
that no separate penalty is imposable on them
Commissioner further imposed a penalty
of Rs.9,00,000/- under Section 114AA of the Customs Act,
1962. The appellant is before us against ... aside.
The appellant has further contested the imposition of penalty
under Section 114AA of the Customs Act as they had not
knowingly or intentionally used
above appeal by the
assessee is the levy of penalty under Section 114AA of
the Customs Act, 1962.
2.1 The facts leading to the present ... under Section 125
ibid and also imposed penalties under Sections 112 and
114AA ibid.
2.4.1 The appellant carried the matter in appeal before
the First
appellant as well as on the co-noticee under Section 114A / 114AA of the Customs Act. Hence the present appeals filed by appellants.
4. Heard ... submits that appellants are not liable for penalty under Section 114A and 114AA penalty for the past consignments. Notwithstanding, he admits that
foreign currency and Indian currency. Further penalties under Sections 112(a) and 114AA of Customs Act, 1962 were also imposed on the appellants.
2. Heard ... this case, we consider that penalties imposed under Sections 112(a) and 114AA is harsh. Section 112 provides for penalty when a person renders goods
Suketu Jhaveri and Bhimsen Singh under Section 114AA of the Customs Act, 1962.
2. The facts of the case are that the appellant Suketu Jhaveri ... Customs Act and they have also not violated 114AA of the Customs Act, 1962. Therefore, penalties on the appellant are not imposable. He also relied
Shri.jatin Bachani @ Jay Bachani under section 112(a) read with section 114AA of the Customs Act, 1962;
(g) I impose penalty ... only0 on Shri. Rajesh Jhaver under Section 112(a) read with section 114AA of the Customs Act, 1962;
(h) I impose penalty
grounds discussed above.
i) Penalty under Sections 112(a) , 112(b) and 114AA of the
Customs Act, 1962 should not be imposed on them ... should not imposed upon them under Section 112(a) , 112(b) and
114AA of the Customs Act, 1962.
32. M/s DHL Pvt. Ltd., (earlier
while Penalty under Section 114AA of
the Customs Act was reduced from Rs.5,00,000/- to Rs.4,00,000/-
2. Briefly stated ... Customs Act and why Penalty under Sections 112(a) , 112(b) and 114AA
of the Customs Act 1962 should not be imposed, which culminated into
