https://www.taxtmi.com/caselaws?id=92104 The Tribunal upheld the reclassification of imported goods as shoe uppers under Heading 6406, ruling against their classification under the DEEC Scheme. The goods did not match the description in the Advance Licence, leading to confiscation and penalty imposition. However, considering the importers' good faith belief, the penalty was reduced significantly from Rs. 10 lakhs to Rs. 1 lakh and remitted entirely. The appeal was dismissed with modifications, affirming the reclassification and acknowledging the importers' genuine intentions. en-us Wed, 05 May 1999 00:00:00 +0530 Mon, 24 Oct 2011 16:47:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=92104 The Tribunal upheld the reclassification of imported goods as shoe uppers under Heading 6406, ruling against their classification under the DEEC Scheme. The goods did not match the description in the Advance Licence, leading to confiscation and penalty imposition. However, considering the importers' good faith belief, the penalty was reduced significantly from Rs. 10 lakhs to Rs. 1 lakh and remitted entirely. The appeal was dismissed with modifications, affirming the reclassification and acknowledging the importers' genuine intentions. Case-Laws Customs Wed, 05 May 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=92104