https://www.taxtmi.com/caselaws?id=235941 The Tribunal upheld the confiscation under Section 111(m) of the Customs Act, 1962, and the imposed penalties due to the excess quantity of Aluminium Scrap found during import compared to the declared quantity. While acknowledging the appellant's bonafide belief, leniency was shown in modifying the redemption fine to Rs.2,00,000/- and the penalty to Rs.75,000/- to achieve justice. The appeal was disposed of with these modifications. en-us Wed, 05 Jun 2013 00:00:00 +0530 Fri, 09 Aug 2013 07:40:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235941 The Tribunal upheld the confiscation under Section 111(m) of the Customs Act, 1962, and the imposed penalties due to the excess quantity of Aluminium Scrap found during import compared to the declared quantity. While acknowledging the appellant's bonafide belief, leniency was shown in modifying the redemption fine to Rs.2,00,000/- and the penalty to Rs.75,000/- to achieve justice. The appeal was disposed of with these modifications. Case-Laws Customs Wed, 05 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235941