https://www.taxtmi.com/caselaws?id=125379 The Tribunal partially allowed the appeal of the Appellant-Importer and fully allowed the appeal of the Appellant Clearing House Agent (CHA). The Tribunal reduced the Redemption Fine to Rs. 1.00 lakh and the Penalty to Rs. 50,000 for the importer due to financial strain and unintentional discrepancies. The penalty imposed on the CHA was revoked as there was no evidence linking them to undervaluation or misdeclaration. en-us Thu, 19 Jun 2008 00:00:00 +0530 Tue, 23 Oct 2012 15:56:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=125379 The Tribunal partially allowed the appeal of the Appellant-Importer and fully allowed the appeal of the Appellant Clearing House Agent (CHA). The Tribunal reduced the Redemption Fine to Rs. 1.00 lakh and the Penalty to Rs. 50,000 for the importer due to financial strain and unintentional discrepancies. The penalty imposed on the CHA was revoked as there was no evidence linking them to undervaluation or misdeclaration. Case-Laws Customs Thu, 19 Jun 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=125379