https://www.taxtmi.com/caselaws?id=239162 The Tribunal ruled in favor of the appellants in a case involving the confiscation of imported goods and imposition of penalties due to import restrictions introduced after the goods were loaded. The Tribunal held that such post-loading restrictions cannot justify confiscation or penalties, citing legal precedents. While the customs duty was enhanced based on disputed values of goods, the Tribunal reduced redemption fines and penalties for both appellants considering the lower side of the differential duty amounts involved in the undervaluation of goods. en-us Thu, 14 Mar 2013 00:00:00 +0530 Thu, 07 Nov 2013 12:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239162 The Tribunal ruled in favor of the appellants in a case involving the confiscation of imported goods and imposition of penalties due to import restrictions introduced after the goods were loaded. The Tribunal held that such post-loading restrictions cannot justify confiscation or penalties, citing legal precedents. While the customs duty was enhanced based on disputed values of goods, the Tribunal reduced redemption fines and penalties for both appellants considering the lower side of the differential duty amounts involved in the undervaluation of goods. Case-Laws Customs Thu, 14 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239162