https://www.taxtmi.com/caselaws?id=237271 The Tribunal upheld the decision with modifications, setting aside the redemption fine of Rs.50,000 imposed on the appellant due to unjustified confiscation of previously exported consignments. The valuation discrepancy in the exported goods was confirmed through testing, leading to the acknowledgment by the appellant firm. However, the Tribunal did not explicitly address the penalty of Rs.1 lakh imposed under Section 114 of the Customs Act, 1962, focusing primarily on the valuation and confiscation issues in the case. en-us Thu, 17 Jan 2013 00:00:00 +0530 Mon, 23 Sep 2013 09:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237271 The Tribunal upheld the decision with modifications, setting aside the redemption fine of Rs.50,000 imposed on the appellant due to unjustified confiscation of previously exported consignments. The valuation discrepancy in the exported goods was confirmed through testing, leading to the acknowledgment by the appellant firm. However, the Tribunal did not explicitly address the penalty of Rs.1 lakh imposed under Section 114 of the Customs Act, 1962, focusing primarily on the valuation and confiscation issues in the case. Case-Laws Customs Thu, 17 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237271