https://www.taxtmi.com/caselaws?id=247317 The Tribunal classified imported split betel nuts preserved with SO2 under CTH 0802 8020, not unsuitable for immediate consumption. The goods, with a CIF value below the required amount, were confiscated for violating the Foreign Trade Policy. The mis-declaration led to the confiscation under Customs Act sections 111(d) and 111(m). The redemption fine was reduced to Rs.1.00 Crore based on market prices. The penalty of Rs.50.00 Lakhs, 35% of the duty evaded, was upheld for the gravity of mis-declaration. The appeal outcome confirmed duty and penalty imposition, modifying the redemption fine. en-us Thu, 13 Feb 2014 00:00:00 +0530 Wed, 07 May 2014 11:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247317 The Tribunal classified imported split betel nuts preserved with SO2 under CTH 0802 8020, not unsuitable for immediate consumption. The goods, with a CIF value below the required amount, were confiscated for violating the Foreign Trade Policy. The mis-declaration led to the confiscation under Customs Act sections 111(d) and 111(m). The redemption fine was reduced to Rs.1.00 Crore based on market prices. The penalty of Rs.50.00 Lakhs, 35% of the duty evaded, was upheld for the gravity of mis-declaration. The appeal outcome confirmed duty and penalty imposition, modifying the redemption fine. Case-Laws Customs Thu, 13 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247317