https://www.taxtmi.com/caselaws?id=115507 The Tribunal acknowledged the appellants' disclosure of wrong shipment before Customs detection, leading to a reduction in the redemption fine from Rs. 3.00 lakhs to Rs. 1,50,000 and the penalty from Rs. 75,000 to Rs. 50,000 under Section 112(a) of the Customs Act, 1962. The appeal was rejected except for adjustments in the quantum of redemption fine and penalty, considering the appellants' clean import record over the past twenty years and the discrepancy in the value of the imported copper ingots. en-us Fri, 08 Jul 2005 00:00:00 +0530 Wed, 30 May 2012 15:14:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=115507 The Tribunal acknowledged the appellants' disclosure of wrong shipment before Customs detection, leading to a reduction in the redemption fine from Rs. 3.00 lakhs to Rs. 1,50,000 and the penalty from Rs. 75,000 to Rs. 50,000 under Section 112(a) of the Customs Act, 1962. The appeal was rejected except for adjustments in the quantum of redemption fine and penalty, considering the appellants' clean import record over the past twenty years and the discrepancy in the value of the imported copper ingots. Case-Laws Customs Fri, 08 Jul 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=115507