https://www.taxtmi.com/caselaws?id=236489 The appellants, involved in exporting woollen carpets, faced issues of mis-declaration of quantity in the consignment and confiscation of contents due to discrepancies. The adjudicating authority imposed a redemption fine and penalty under the Customs Act, 1962. The tribunal acknowledged the appellants' proactive approach in rectifying the mistake and found no malicious intent. The penalty was reduced to Rs.1 lakh each to maintain fairness. The appeals were disposed of with these adjustments to address the concerns of all parties involved. en-us Tue, 09 Apr 2013 00:00:00 +0530 Thu, 29 Aug 2013 16:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236489 The appellants, involved in exporting woollen carpets, faced issues of mis-declaration of quantity in the consignment and confiscation of contents due to discrepancies. The adjudicating authority imposed a redemption fine and penalty under the Customs Act, 1962. The tribunal acknowledged the appellants' proactive approach in rectifying the mistake and found no malicious intent. The penalty was reduced to Rs.1 lakh each to maintain fairness. The appeals were disposed of with these adjustments to address the concerns of all parties involved. Case-Laws Customs Tue, 09 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236489