https://www.taxtmi.com/caselaws?id=206732 The Tribunal upheld the final order demanding duty, rejecting the appellant's argument on provisional assessment. Interest was deemed payable based on bond obligations, with a penalty imposed due to confiscation under the Customs Act. The redemption fine was reduced considering the goods' importation date. The appellant was ordered to pay interest, a reduced redemption fine of Rs. 90 lakhs, and a penalty of Rs. 50 lakhs, with penalties on directors set aside. The appeals were disposed of accordingly. en-us Thu, 20 Oct 2011 00:00:00 +0530 Fri, 24 Aug 2012 15:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206732 The Tribunal upheld the final order demanding duty, rejecting the appellant's argument on provisional assessment. Interest was deemed payable based on bond obligations, with a penalty imposed due to confiscation under the Customs Act. The redemption fine was reduced considering the goods' importation date. The appellant was ordered to pay interest, a reduced redemption fine of Rs. 90 lakhs, and a penalty of Rs. 50 lakhs, with penalties on directors set aside. The appeals were disposed of accordingly. Case-Laws Customs Thu, 20 Oct 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206732