https://www.taxtmi.com/caselaws?id=245188 The Court upheld the Tribunal's decision on penalties and confiscation under the Customs Act in a case involving the classification of imported medical equipment by a foundation. The Court agreed with the Tribunal's findings on deliberate misdeclaration leading to confiscation and justified penalties under sections 112 and 114A. The judgment emphasized the significance of accurate declaration and compliance with customs regulations, dismissing the revenue's appeal and confirming the penalties and confiscation imposed by the Tribunal. en-us Tue, 11 Mar 2014 00:00:00 +0530 Fri, 29 Aug 2014 13:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245188 The Court upheld the Tribunal's decision on penalties and confiscation under the Customs Act in a case involving the classification of imported medical equipment by a foundation. The Court agreed with the Tribunal's findings on deliberate misdeclaration leading to confiscation and justified penalties under sections 112 and 114A. The judgment emphasized the significance of accurate declaration and compliance with customs regulations, dismissing the revenue's appeal and confirming the penalties and confiscation imposed by the Tribunal. Case-Laws Customs Tue, 11 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245188