https://www.taxtmi.com/caselaws?id=124497 The Tribunal upheld the duty demand but reduced the redemption fine from Rs. 4,25,000 to Rs. 1,50,000 and the penalty from Rs. 80,000 to Rs. 50,000, considering the value of the goods and duty evasion amount. The judgment emphasized the gravity of misdeclaration, imposing appropriate penalties while granting leniency in the fine and penalty amounts due to the circumstances. en-us Thu, 20 Nov 2008 00:00:00 +0530 Mon, 01 Oct 2012 11:17:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=124497 The Tribunal upheld the duty demand but reduced the redemption fine from Rs. 4,25,000 to Rs. 1,50,000 and the penalty from Rs. 80,000 to Rs. 50,000, considering the value of the goods and duty evasion amount. The judgment emphasized the gravity of misdeclaration, imposing appropriate penalties while granting leniency in the fine and penalty amounts due to the circumstances. Case-Laws Central Excise Thu, 20 Nov 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=124497