Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
Classification of imported 'Brush Cutters' misdeclared as 'Power Operated Reapers' to evade higher duty. Tribunal upheld classification under Heading 8467 8990 based on previous decisions. Appellant knowingly misdeclared to claim agricultural equipment subsidy, as evident from instruction manual mentioning 'Brush Cutter' though catalogue stated 'Power Operated Reaper'. Demand of differential duty, interest, and penalty on company upheld. Confiscation of goods upheld with reduced redemption fine. Penalty on company's partner reduced. Penalties u/s 114AA set aside. Appeal disposed.
Classification of imported 'Brush Cutters' misdeclared as 'Power Operated Reapers' to evade higher duty. Tribunal upheld classification under Heading 8467 8990 based on previous decisions. Appellant knowingly misdeclared to claim agricultural equipment subsidy, as evident from instruction manual mentioning 'Brush Cutter' though catalogue stated 'Power Operated Reaper'. Demand of differential duty, interest, and penalty on company upheld. Confiscation of goods upheld with reduced redemption fine. Penalty on company's partner reduced. Penalties u/s 114AA set aside. Appeal disposed.
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