https://www.taxtmi.com/caselaws?id=153762 The Tribunal partially allowed the appeal in the case involving mis-declaration of goods by M/s. Kalpa Times, leading to denial of duty exemption, confiscation of goods, and imposition of penalties. The Tribunal reduced the redemption fine from Rs. 1.5 Lakhs to Rs. 50,000 and decreased the penalties on M/s. Kalpa Times and M/s. K. Shyam International from Rs. 1.5 Lakhs to Rs. 15,000 each. This decision was based on the appellants being actual users importing paper for student magazines, and the excessive nature of the redemption fine and penalties imposed by the Department. en-us Mon, 23 Nov 2009 00:00:00 +0530 Tue, 30 Jul 2013 10:24:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=153762 The Tribunal partially allowed the appeal in the case involving mis-declaration of goods by M/s. Kalpa Times, leading to denial of duty exemption, confiscation of goods, and imposition of penalties. The Tribunal reduced the redemption fine from Rs. 1.5 Lakhs to Rs. 50,000 and decreased the penalties on M/s. Kalpa Times and M/s. K. Shyam International from Rs. 1.5 Lakhs to Rs. 15,000 each. This decision was based on the appellants being actual users importing paper for student magazines, and the excessive nature of the redemption fine and penalties imposed by the Department. Case-Laws Customs Mon, 23 Nov 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=153762