https://www.taxtmi.com/caselaws?id=122320 The appellate tribunal partially allowed the appeal concerning mis-declaration of goods description and undervaluation by reducing the redemption fine from Rs. 3,00,000 to Rs. 1,50,000 and the penalty from Rs. 1,00,000 to Rs. 50,000. The tribunal upheld the confiscation of goods and imposition of penalty but showed leniency in reducing the fines due to the circumstances of the case. en-us Fri, 04 May 2007 00:00:00 +0530 Sat, 11 Aug 2012 13:35:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122320 The appellate tribunal partially allowed the appeal concerning mis-declaration of goods description and undervaluation by reducing the redemption fine from Rs. 3,00,000 to Rs. 1,50,000 and the penalty from Rs. 1,00,000 to Rs. 50,000. The tribunal upheld the confiscation of goods and imposition of penalty but showed leniency in reducing the fines due to the circumstances of the case. Case-Laws Customs Fri, 04 May 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122320