https://www.taxtmi.com/caselaws?id=237580 The Appellate Tribunal CESTAT MUMBAI addressed the misclassification issue for drawback claim and penalty imposition under Section 114 of the Customs Act, 1962. The penalty was upheld due to strict liability but reduced from Rs. 50,000 to Rs. 5,000 considering the inadvertent error and appellant's status as a small-time CHA. The case emphasizes the importance of correct classification in customs declarations and the application of penalties under statutory provisions without requiring mens rea. en-us Tue, 23 Jul 2013 00:00:00 +0530 Tue, 01 Oct 2013 08:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237580 The Appellate Tribunal CESTAT MUMBAI addressed the misclassification issue for drawback claim and penalty imposition under Section 114 of the Customs Act, 1962. The penalty was upheld due to strict liability but reduced from Rs. 50,000 to Rs. 5,000 considering the inadvertent error and appellant's status as a small-time CHA. The case emphasizes the importance of correct classification in customs declarations and the application of penalties under statutory provisions without requiring mens rea. Case-Laws Customs Tue, 23 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237580