https://www.taxtmi.com/caselaws?id=117016 The Supreme Court upheld the classification of Brine Shrimp Eggs under Customs Tariff Heading 0511.99, confirming they fall under Chapter 5. The Tribunal upheld the duty demand but reduced penalties imposed on the appellant-company to Rs. 25 lakh and personal penalties on the Ex-Director and Chairman to Rs. 2 lakh each. The dispute over the applicability of Notification No. 163/94-Cus. was resolved as the notification had been rescinded, making the exemption inapplicable. The Tribunal rejected appeals and disposed of cross-objections by the Revenue accordingly. en-us Sun, 30 Jan 2005 00:00:00 +0530 Tue, 19 Jun 2012 15:41:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117016 The Supreme Court upheld the classification of Brine Shrimp Eggs under Customs Tariff Heading 0511.99, confirming they fall under Chapter 5. The Tribunal upheld the duty demand but reduced penalties imposed on the appellant-company to Rs. 25 lakh and personal penalties on the Ex-Director and Chairman to Rs. 2 lakh each. The dispute over the applicability of Notification No. 163/94-Cus. was resolved as the notification had been rescinded, making the exemption inapplicable. The Tribunal rejected appeals and disposed of cross-objections by the Revenue accordingly. Case-Laws Customs Sun, 30 Jan 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117016