https://www.taxtmi.com/caselaws?id=125080 The Appellate Tribunal CESTAT, KOLKATA upheld the confiscation of goods due to a defective PSI certificate under the EXIM Policy. Despite no misdeclaration found during examination and demurrage costs incurred, the Tribunal reduced the Redemption Fine to Rs. 25,000 and waived the penalty, partially allowing the appeal. The importance of valid PSI certification in imports to prevent dangerous items was recognized, and the defects in the certificate were deemed beyond the Appellants' control. en-us Wed, 24 Sep 2008 00:00:00 +0530 Fri, 19 Oct 2012 12:51:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=125080 The Appellate Tribunal CESTAT, KOLKATA upheld the confiscation of goods due to a defective PSI certificate under the EXIM Policy. Despite no misdeclaration found during examination and demurrage costs incurred, the Tribunal reduced the Redemption Fine to Rs. 25,000 and waived the penalty, partially allowing the appeal. The importance of valid PSI certification in imports to prevent dangerous items was recognized, and the defects in the certificate were deemed beyond the Appellants' control. Case-Laws Customs Wed, 24 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=125080