https://www.taxtmi.com/caselaws?id=124880 The Appellate Tribunal CESTAT, CHENNAI partially allowed the appeal involving the confiscation of imported Tungsten Carbide Tips Cutting Tools under the Customs Act, 1962. The goods were confiscated for non-inclusion of quantity in the Bill of Entry and discrepancies in value. The Tribunal upheld the confiscation based on quantity misdeclaration but set aside the penalty for value discrepancies. The fine was reduced to Rs. 50,000 considering the actual excess quantity. The appeal was partly allowed, and the order was pronounced on 13-1-2009. en-us Tue, 13 Jan 2009 00:00:00 +0530 Tue, 16 Oct 2012 17:04:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=124880 The Appellate Tribunal CESTAT, CHENNAI partially allowed the appeal involving the confiscation of imported Tungsten Carbide Tips Cutting Tools under the Customs Act, 1962. The goods were confiscated for non-inclusion of quantity in the Bill of Entry and discrepancies in value. The Tribunal upheld the confiscation based on quantity misdeclaration but set aside the penalty for value discrepancies. The fine was reduced to Rs. 50,000 considering the actual excess quantity. The appeal was partly allowed, and the order was pronounced on 13-1-2009. Case-Laws Customs Tue, 13 Jan 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=124880