https://www.taxtmi.com/caselaws?id=85792 The Tribunal upheld the lower penalty and redemption fine imposed by the adjudicating authority in a case concerning the misdeclaration of imported goods. Despite acknowledging the misdeclaration, the Tribunal considered the respondents' status as actual users and their reliance on Modvat credit, concluding that there was no clear intent to evade duty. The decision emphasized the specific circumstances of the case, leading to a lenient view and rejection of the Revenue's appeal. en-us Fri, 13 Sep 1996 00:00:00 +0530 Mon, 08 Aug 2011 12:10:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=85792 The Tribunal upheld the lower penalty and redemption fine imposed by the adjudicating authority in a case concerning the misdeclaration of imported goods. Despite acknowledging the misdeclaration, the Tribunal considered the respondents' status as actual users and their reliance on Modvat credit, concluding that there was no clear intent to evade duty. The decision emphasized the specific circumstances of the case, leading to a lenient view and rejection of the Revenue's appeal. Case-Laws Customs Fri, 13 Sep 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=85792