https://www.taxtmi.com/caselaws?id=98187 The judge reduced the redemption fine from Rs. 40,000 to Rs. 10,000 and the penalty to Rs. 1,000, acknowledging the appellant's genuine mistake in misdeclaring imported goods. The judge emphasized that penalties should not be imposed for genuine mistakes made in good faith, following the precedent set by the Supreme Court. Despite the misdeclaration, the judge noted that the goods would have cleared had the excess quantity not been detected, leading to the reduction in fines and penalties. en-us Fri, 07 Apr 2000 00:00:00 +0530 Thu, 19 Jan 2012 15:48:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98187 The judge reduced the redemption fine from Rs. 40,000 to Rs. 10,000 and the penalty to Rs. 1,000, acknowledging the appellant's genuine mistake in misdeclaring imported goods. The judge emphasized that penalties should not be imposed for genuine mistakes made in good faith, following the precedent set by the Supreme Court. Despite the misdeclaration, the judge noted that the goods would have cleared had the excess quantity not been detected, leading to the reduction in fines and penalties. Case-Laws Central Excise Fri, 07 Apr 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98187