https://www.taxtmi.com/caselaws?id=123656 The Appellate Tribunal CESTAT, KOLKATA upheld duty demand and confiscation against a public sector company for misdeclaration of goods, despite the company's claim of lack of knowledge and intent. The Tribunal emphasized equal treatment for all goods under the Customs Act, 1962, and affirmed the imposed fine of Rs. 25.00 lakhs for misdeclared goods valued at Rs. 2,21,93,688.00. The Tribunal found the Adjudicating Commissioner's leniency appropriate and dismissed the appeal, highlighting the importance of accurate declaration of imported goods to avoid customs consequences such as duty demand, confiscation, fines, and penalties. en-us Wed, 26 Mar 2008 00:00:00 +0530 Tue, 18 Sep 2012 18:23:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=123656 The Appellate Tribunal CESTAT, KOLKATA upheld duty demand and confiscation against a public sector company for misdeclaration of goods, despite the company's claim of lack of knowledge and intent. The Tribunal emphasized equal treatment for all goods under the Customs Act, 1962, and affirmed the imposed fine of Rs. 25.00 lakhs for misdeclared goods valued at Rs. 2,21,93,688.00. The Tribunal found the Adjudicating Commissioner's leniency appropriate and dismissed the appeal, highlighting the importance of accurate declaration of imported goods to avoid customs consequences such as duty demand, confiscation, fines, and penalties. Case-Laws Customs Wed, 26 Mar 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=123656