https://www.taxtmi.com/caselaws?id=125673 The Appellate Tribunal CESTAT, CHENNAI ruled in favor of the appellants in a case concerning the classification of imported goods, imposition of a fine in lieu of confiscation, and penalty under the Customs Act. The Tribunal held that as the correct classification was promptly accepted by the appellants, there was no misdeclaration or misclassification on their part. The imposition of the fine and penalty was deemed incorrect, as the goods were correctly classified by the Department, leading to the vacating of both the fine and penalty initially imposed by the Commissioner. en-us Thu, 23 Oct 2008 00:00:00 +0530 Mon, 29 Oct 2012 10:47:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=125673 The Appellate Tribunal CESTAT, CHENNAI ruled in favor of the appellants in a case concerning the classification of imported goods, imposition of a fine in lieu of confiscation, and penalty under the Customs Act. The Tribunal held that as the correct classification was promptly accepted by the appellants, there was no misdeclaration or misclassification on their part. The imposition of the fine and penalty was deemed incorrect, as the goods were correctly classified by the Department, leading to the vacating of both the fine and penalty initially imposed by the Commissioner. Case-Laws Customs Thu, 23 Oct 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=125673