https://www.taxtmi.com/caselaws?id=261023 The Tribunal set aside the confiscation of goods and penalties imposed under Sections 111(d) and 111(m) of the Customs Act. It ruled in favor of the appellant, finding no violation as the goods were not prohibited, had a valid IEC Code, and were not mis-declared. The Tribunal emphasized the proper compliance with import regulations and lack of misdeclaration, leading to the decision to overturn the confiscation and penalties. The judgment underscored the importance of accurate declarations and adherence to legal requirements in import transactions to prevent unjust confiscation and penalties. en-us Thu, 04 Jun 2015 00:00:00 +0530 Mon, 15 Feb 2016 16:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261023 The Tribunal set aside the confiscation of goods and penalties imposed under Sections 111(d) and 111(m) of the Customs Act. It ruled in favor of the appellant, finding no violation as the goods were not prohibited, had a valid IEC Code, and were not mis-declared. The Tribunal emphasized the proper compliance with import regulations and lack of misdeclaration, leading to the decision to overturn the confiscation and penalties. The judgment underscored the importance of accurate declarations and adherence to legal requirements in import transactions to prevent unjust confiscation and penalties. Case-Laws Customs Thu, 04 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261023