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Managing Partner Liable for Customs Penalty Despite Penalty on Firm: CESTAT Hyderabad

Case Law Details

Case Name
Khazana Vs Commissioner of Customs (CESTAT Hyderabad)
Date of Judgement/Order
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Khazana Vs Commissioner of Customs (CESTAT Hyderabad) The Hyderabad Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) heard appeals against Order-in-Original No. 04/2011-Adjn.(CUS) dated 26.04.2011, by which the Commissioner of Customs confirmed differential customs duty of ₹1,03,045, demanded interest under Section 18(3) of the Customs Act, 1962, held the imported furniture liable to confiscation under Section 111(m), imposed redemption fine of ₹50,000 under Section 125, and imposed penalties under Section 112(a) on M/s Khazana and its Managing Partner, Shri Bhawant...
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Author Info

CA Sandeep Kanoi
Qualification: CA in Job / Business
Company: Taxguru Consultancy
Location: Mumbai, Maharashtra
Articles Published: 18,080

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