LAWS(CE)-2001-4-202

RAJAT GUPTA Vs. COMMISSIONER OF CUSTOMS, BANGALORE

Decided On April 12, 2001
Rajat Gupta Appellant
V/S
COMMISSIONER OF CUSTOMS, BANGALORE Respondents

JUDGEMENT

(1.) A Show Cause Notice dated 3 -3 -2000 was issued by Additional Director General, Directorate of Revenue Intelligence, Chennai to the two appellants herein as above -

(2.) THE Commissioner after hearing the parties and considering the matter, ordered the confiscation under Section 111(a) of the Yarn under seizure and since the same had been disposed of in terms of Ministries letter F. No 711/31183 -LC(AS), dated 22 -5 -1984. The sale proceeds amounting to Rs 19,72,268/ - was appropriated to the Government. A penalty of Rs 5 lakhs was imposed on A -1 and Rs 2 lakhs on A -2 under the proviso of Section 112 (b) of the Central Act, 1962 as he found.

(3.) WE have heard both sides, considered the submissions and find -