https://www.taxtmi.com/caselaws?id=95920 The Appellate Tribunal CEGAT, Mumbai, addressed the misclassification of imported goods by Pfizer Ltd. as "Promotional matter," which were actually light pointers. The Tribunal upheld the confiscation of goods and penalties on the importer but set aside the penalty on an employee. The importer's lack of due diligence in verifying goods' nature and value led to reduced penalties. The Custom House Agent faced reduced penalties due to irresponsibility, although further action under regulations was not directed due to the passage of time. One appeal was dismissed, one partially allowed, and the third appeal was allowed by the Tribunal. en-us Fri, 02 Feb 2001 00:00:00 +0530 Thu, 15 Dec 2011 18:49:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=95920 The Appellate Tribunal CEGAT, Mumbai, addressed the misclassification of imported goods by Pfizer Ltd. as "Promotional matter," which were actually light pointers. The Tribunal upheld the confiscation of goods and penalties on the importer but set aside the penalty on an employee. The importer's lack of due diligence in verifying goods' nature and value led to reduced penalties. The Custom House Agent faced reduced penalties due to irresponsibility, although further action under regulations was not directed due to the passage of time. One appeal was dismissed, one partially allowed, and the third appeal was allowed by the Tribunal. Case-Laws Customs Fri, 02 Feb 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=95920