Confirmation of penalty u/s 112 of Customs Act to non-importer is unsustainable

Citibank N.A. Vs Commissioner of Customs (ACC & Import) (CESTAT Mumbai)

CESTAT Mumbai held that the appellant being a subsequent purchaser of the goods from the M/s Philips India who had allegedly purchased the imported the goods hence confirmation of penalty under Section 112 of the Customs Act is unsustainable in law.

Facts-

Appellant Citibank is engaged in carrying on activities of banking services at its various

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