https://www.taxtmi.com/caselaws?id=105484 The appeal was filed against an order confiscating imported goods with redemption option, confirming duty under Section 28 of the Customs Act, calculating interest at 20% per annum, and imposing a penalty under Section 114A. The Commissioner's order included a fine of Rs. 2,00,000, duty of Rs. 7,77,199, interest of Rs. 8,84,085, and a penalty of Rs. 16,61,284 on the appellants. The Tribunal upheld most aspects of the Commissioner's order but reduced the penalty amount to Rs. 8,00,000, dismissing the appellants' appeal and affirming duty payment, interest calculation, and penalty imposition. en-us Mon, 19 Nov 2001 00:00:00 +0530 Mon, 05 Mar 2012 18:02:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105484 The appeal was filed against an order confiscating imported goods with redemption option, confirming duty under Section 28 of the Customs Act, calculating interest at 20% per annum, and imposing a penalty under Section 114A. The Commissioner's order included a fine of Rs. 2,00,000, duty of Rs. 7,77,199, interest of Rs. 8,84,085, and a penalty of Rs. 16,61,284 on the appellants. The Tribunal upheld most aspects of the Commissioner's order but reduced the penalty amount to Rs. 8,00,000, dismissing the appellants' appeal and affirming duty payment, interest calculation, and penalty imposition. Case-Laws Customs Mon, 19 Nov 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105484