Lack of Evasion Intent: CESTAT Delhi Quashes ₹2 Crore Penalty on Former MD

Rajesh Khosla Vs Principal Commissioner of Customs (CESTAT Delhi) NEW DELHI: The Customs, Excise and Service Tax Appellate Tribunal (CESTAT) Delhi has set aside a penalty of ₹2 crore imposed on Rajesh Khosla, the former Managing Director of M/s. MMTC-Pamp India Pvt. Ltd., under Section 112(a)(ii) of the Customs Act, 1962. The Tribunal ruled that mere non-disclosure of certain facts without a conscious and deliberate intent to evade customs duty is not sufficient to levy such a penalty. The appeal was filed by Rajesh Khosla challenging a portion of the order dated December 31, 2022, passed by...