https://www.taxtmi.com/caselaws?id=94091 The tribunal partially allowed the appeal, setting aside the penalty under Section 114A due to the absence of mala fide intention in the misdeclaration. While upholding the confiscation of goods, they reduced the redemption fine from Rs. 5 lakhs to Rs. 1 lakh, considering the circumstances of the case. en-us Fri, 22 Sep 2000 00:00:00 +0530 Sat, 19 Nov 2011 10:51:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=94091 The tribunal partially allowed the appeal, setting aside the penalty under Section 114A due to the absence of mala fide intention in the misdeclaration. While upholding the confiscation of goods, they reduced the redemption fine from Rs. 5 lakhs to Rs. 1 lakh, considering the circumstances of the case. Case-Laws Customs Fri, 22 Sep 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=94091