https://www.taxtmi.com/caselaws?id=207707 The Appellate Tribunal CESTAT, DELHI, upheld the decision of the Commissioner (Appeals) to reduce the redemption fine to Rs. 1.20 lakhs and penalty to Rs. 20,000 imposed on the respondents for misdeclaration of imported goods. The Tribunal found no merit in the Revenue's appeal, citing the lack of misdeclaration and reliance on relevant case laws. Previous Tribunal decisions supporting the reduction of redemption fine and penalty were considered, emphasizing the importance of assessing misdeclaration and specific case circumstances in determining penalties. en-us Thu, 13 Jan 2011 00:00:00 +0530 Fri, 09 Sep 2022 14:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207707 The Appellate Tribunal CESTAT, DELHI, upheld the decision of the Commissioner (Appeals) to reduce the redemption fine to Rs. 1.20 lakhs and penalty to Rs. 20,000 imposed on the respondents for misdeclaration of imported goods. The Tribunal found no merit in the Revenue's appeal, citing the lack of misdeclaration and reliance on relevant case laws. Previous Tribunal decisions supporting the reduction of redemption fine and penalty were considered, emphasizing the importance of assessing misdeclaration and specific case circumstances in determining penalties. Case-Laws Customs Thu, 13 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207707