https://www.taxtmi.com/caselaws?id=233512 The Tribunal partially allowed the appeal, modifying the redemption fine and penalty amounts imposed for undervaluation of imported goods. The Tribunal found the original redemption fine and penalty to be disproportionate to the mis-declaration involving a differential duty of about Rs. 85,000. Consequently, the redemption fine was reduced to Rs. 60,000 and the penalty to Rs. 15,000. The Tribunal acknowledged the appellant's admission of undervaluation but considered the penalties excessive in relation to the mis-declaration amount. The appeal against the order of Commissioner (Appeals) was upheld in part. en-us Thu, 09 Aug 2012 00:00:00 +0530 Sat, 04 May 2013 08:04:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=233512 The Tribunal partially allowed the appeal, modifying the redemption fine and penalty amounts imposed for undervaluation of imported goods. The Tribunal found the original redemption fine and penalty to be disproportionate to the mis-declaration involving a differential duty of about Rs. 85,000. Consequently, the redemption fine was reduced to Rs. 60,000 and the penalty to Rs. 15,000. The Tribunal acknowledged the appellant's admission of undervaluation but considered the penalties excessive in relation to the mis-declaration amount. The appeal against the order of Commissioner (Appeals) was upheld in part. Case-Laws Customs Thu, 09 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=233512