https://www.taxtmi.com/caselaws?id=248982 The Tribunal upheld the misdeclaration of goods admitted to be exported as non-basmati rice was falsely declared as Basmati rice. The appellant's argument of inadvertent error was dismissed, and penalties were imposed under section 113 for confiscation of goods and section 114(i) for the penalty. The redemption fine was reduced to Rs. 15.00 Lakhs, and the penalty was reduced to the same amount due to the appellant's admission of misdeclaration, despite invoking section 114(i) instead of 114AA. The appeal was partly allowed based on the concessions made. en-us Wed, 23 Apr 2014 00:00:00 +0530 Tue, 01 Jul 2014 10:52:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248982 The Tribunal upheld the misdeclaration of goods admitted to be exported as non-basmati rice was falsely declared as Basmati rice. The appellant's argument of inadvertent error was dismissed, and penalties were imposed under section 113 for confiscation of goods and section 114(i) for the penalty. The redemption fine was reduced to Rs. 15.00 Lakhs, and the penalty was reduced to the same amount due to the appellant's admission of misdeclaration, despite invoking section 114(i) instead of 114AA. The appeal was partly allowed based on the concessions made. Case-Laws Customs Wed, 23 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248982