https://www.taxtmi.com/caselaws?id=126852 The Tribunal set aside the penalty of Rs. 10,000 imposed on the importer under Section 112(a) for failing to indelibly mark the retail sale price (RSP) on footwear imported under a concessional rate of countervailing duty. The Tribunal held that although the importer had affixed prices on the cartons and footwear, the requirement was for indelible marking directly on the footwear. Since there was no misdeclaration in the bill of entry, the Tribunal found the penalty unsustainable and ruled in favor of the importer, emphasizing the importance of complying with notification conditions for concessional benefits. en-us Fri, 11 Jul 2008 00:00:00 +0530 Fri, 01 Feb 2013 12:02:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126852 The Tribunal set aside the penalty of Rs. 10,000 imposed on the importer under Section 112(a) for failing to indelibly mark the retail sale price (RSP) on footwear imported under a concessional rate of countervailing duty. The Tribunal held that although the importer had affixed prices on the cartons and footwear, the requirement was for indelible marking directly on the footwear. Since there was no misdeclaration in the bill of entry, the Tribunal found the penalty unsustainable and ruled in favor of the importer, emphasizing the importance of complying with notification conditions for concessional benefits. Case-Laws Customs Fri, 11 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126852