https://www.taxtmi.com/caselaws?id=257308 The Tribunal ruled in favor of the appellants in the appeal against the order confiscating DEPB on exported goods. It was held that only one item was misdeclared, and the DEPB amount should be adjusted accordingly. The Tribunal found no justification for confiscating the entire consignment and reduced the redemption fine to Rs. 75,000 and the personal penalty under Section 114 to Rs. 12,500. The appeal was disposed of with the revised penalties imposed. en-us Fri, 17 Oct 2014 00:00:00 +0530 Mon, 09 Mar 2015 15:06:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257308 The Tribunal ruled in favor of the appellants in the appeal against the order confiscating DEPB on exported goods. It was held that only one item was misdeclared, and the DEPB amount should be adjusted accordingly. The Tribunal found no justification for confiscating the entire consignment and reduced the redemption fine to Rs. 75,000 and the personal penalty under Section 114 to Rs. 12,500. The appeal was disposed of with the revised penalties imposed. Case-Laws Customs Fri, 17 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257308