https://www.taxtmi.com/caselaws?id=119296 The Tribunal granted the rectification application and recalled the CESTAT order due to an error apparent from the face of records. The Supreme Court confirmed duty but did not address penalties and fines under specific sections of the Customs Act. The Tribunal interpreted the Supreme Court's judgment, concluding that penalties and fines were not imposed at that stage. It clarified that penalties applied only to certain capital goods, not shortages of gold and diamonds, and that no Redemption fine was confirmed by the Supreme Court. The application and appeal were disposed of accordingly. en-us Tue, 05 Sep 2006 00:00:00 +0530 Tue, 10 Jul 2012 12:23:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119296 The Tribunal granted the rectification application and recalled the CESTAT order due to an error apparent from the face of records. The Supreme Court confirmed duty but did not address penalties and fines under specific sections of the Customs Act. The Tribunal interpreted the Supreme Court's judgment, concluding that penalties and fines were not imposed at that stage. It clarified that penalties applied only to certain capital goods, not shortages of gold and diamonds, and that no Redemption fine was confirmed by the Supreme Court. The application and appeal were disposed of accordingly. Case-Laws Customs Tue, 05 Sep 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119296