https://www.taxtmi.com/caselaws?id=212289 The Tribunal partially allowed the appeal in a case involving mis-declaration of imported goods as prime grade. The appellant's goods were confiscated under the Customs Act due to the misdeclaration, leading to the imposition of a fine and penalty. The Tribunal reduced the fine and penalty imposed, considering the circumstances, acknowledging that the appellant's gain was offset by paying duty at a higher rate. The appeal was allowed in part, with the Tribunal reducing the fine to Rs. 75,000/- and the penalty to Rs. 50,000/-. en-us Wed, 07 Sep 2011 00:00:00 +0530 Thu, 12 Apr 2012 14:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212289 The Tribunal partially allowed the appeal in a case involving mis-declaration of imported goods as prime grade. The appellant's goods were confiscated under the Customs Act due to the misdeclaration, leading to the imposition of a fine and penalty. The Tribunal reduced the fine and penalty imposed, considering the circumstances, acknowledging that the appellant's gain was offset by paying duty at a higher rate. The appeal was allowed in part, with the Tribunal reducing the fine to Rs. 75,000/- and the penalty to Rs. 50,000/-. Case-Laws Customs Wed, 07 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212289