https://www.taxtmi.com/caselaws?id=254776 The Appellate Tribunal CESTAT NEW DELHI upheld the confiscation of two antique pieces valued at Rs. 883, deemed prohibited goods, among furniture meant for export. The Commissioner (Appeals) imposed a redemption fine of Rs. 5 lakhs for the furniture and penalties totaling Rs. 1 lakh and Rs. 2,500 under the Customs Act, 1962. Despite discrepancies in the Commissioner's reasoning, the Tribunal confirmed the redemption fine and penalties, dismissing the appeal due to the gravity of the matter and lack of Revenue appeal against the fine reduction. en-us Mon, 19 May 2014 00:00:00 +0530 Wed, 31 Dec 2014 07:24:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254776 The Appellate Tribunal CESTAT NEW DELHI upheld the confiscation of two antique pieces valued at Rs. 883, deemed prohibited goods, among furniture meant for export. The Commissioner (Appeals) imposed a redemption fine of Rs. 5 lakhs for the furniture and penalties totaling Rs. 1 lakh and Rs. 2,500 under the Customs Act, 1962. Despite discrepancies in the Commissioner's reasoning, the Tribunal confirmed the redemption fine and penalties, dismissing the appeal due to the gravity of the matter and lack of Revenue appeal against the fine reduction. Case-Laws Customs Mon, 19 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254776