No penalty on director under FERA if he wasn't looking after routine matters of co., including impug

FERA: No penalty could be imposed on director of company, which was held guilty for contravention of provisions of sections 8(3) & 8(4) for not producing evidence for import of goods against remittance of certain amount, in absence of any evidence to prove that said director was looking after day-to-day affairs of company including transaction in question