SUSHIL SHARMA Vs. CESTAT

JUDGEMENT

(1.) This appeal has been preferred by the appellant under Sec. 130 of the Customs Act, 1962 (in short, "the Act") seeking quashing of final order dated 19 -2 -2014, Annexure A.4 in Customs Appeal No. 546 of 2008 whereby the Customs, Excise and Service Tax Appellate Tribunal, New Delhi (in short, "the Tribunal") imposed penalty of Rs. 2 lacs upon the appellant. The following substantial questions of law have been proposed for determination of this Court: -

(2.) We have heard learned counsel for the appellant and perused the record.

(3.) Learned counsel for the appellant submitted that the penalty has been imposed on the basis of statement of co -noticee without independent corroboration. It was also urged that in the absence of recording of the statement of the appellant, no penalty could be levied.