https://www.taxtmi.com/caselaws?id=211345 The Appellate Tribunal CESTAT, Ahmedabad, reduced the penalty imposed under Section 112 of the Customs Act, 1962, from Rs.1 lakh to Rs.20,000 in a case involving mis-declaration of imported goods. The appellant, who claimed LDPE Granules but imported transparent granular beads of Polypropylene, accepted a redemption fine of Rs.60,000. The Tribunal acknowledged the appellant's cooperation and reduced the penalty accordingly, emphasizing the importance of accurate declaration of goods and compliance with customs regulations. en-us Mon, 27 Feb 2012 00:00:00 +0530 Thu, 15 Mar 2012 13:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211345 The Appellate Tribunal CESTAT, Ahmedabad, reduced the penalty imposed under Section 112 of the Customs Act, 1962, from Rs.1 lakh to Rs.20,000 in a case involving mis-declaration of imported goods. The appellant, who claimed LDPE Granules but imported transparent granular beads of Polypropylene, accepted a redemption fine of Rs.60,000. The Tribunal acknowledged the appellant's cooperation and reduced the penalty accordingly, emphasizing the importance of accurate declaration of goods and compliance with customs regulations. Case-Laws Customs Mon, 27 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211345