https://www.taxtmi.com/caselaws?id=102550 The Appellate Tribunal CEGAT, Chennai disposed of the appeals in favor of the appellant, reducing the redemption fine to 75% of the c.i.f. value and the penalty to Rs. 1.00 lakh. The tribunal found that the confiscation of cassia under sections 111(d) and (m) of the Customs Act, 1962 was not justified due to discrepancies in pricing and duty implications affecting market competitiveness. Emphasis was placed on consistency in imposing redemption fines, ultimately resulting in a favorable outcome for the appellant based on revised penalties and fines. en-us Mon, 02 Sep 1996 00:00:00 +0530 Wed, 15 Feb 2012 12:57:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102550 The Appellate Tribunal CEGAT, Chennai disposed of the appeals in favor of the appellant, reducing the redemption fine to 75% of the c.i.f. value and the penalty to Rs. 1.00 lakh. The tribunal found that the confiscation of cassia under sections 111(d) and (m) of the Customs Act, 1962 was not justified due to discrepancies in pricing and duty implications affecting market competitiveness. Emphasis was placed on consistency in imposing redemption fines, ultimately resulting in a favorable outcome for the appellant based on revised penalties and fines. Case-Laws Customs Mon, 02 Sep 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102550