https://www.taxtmi.com/caselaws?id=326567 The Tribunal upheld the impugned Order-in-Original with a modification, reducing the redemption fine from 22 lakhs to 7 lakhs. The importer's appeal against the confiscation and penalty under Section 114A of the Customs Act, 1962 was not successful. The Tribunal acknowledged the mis-declaration of MRP on the Bill of Entry, attributing it to the importer despite their claim of a bonafide mistake. Despite prompt payment of the differential duty and partial penalty, the Tribunal deemed the reduction in the redemption fine appropriate, ultimately ruling in favor of the reduced fine but maintaining the original decision on penalty and confiscation of goods. en-us Mon, 28 Dec 2015 00:00:00 +0530 Tue, 19 Apr 2016 12:00:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326567 The Tribunal upheld the impugned Order-in-Original with a modification, reducing the redemption fine from 22 lakhs to 7 lakhs. The importer's appeal against the confiscation and penalty under Section 114A of the Customs Act, 1962 was not successful. The Tribunal acknowledged the mis-declaration of MRP on the Bill of Entry, attributing it to the importer despite their claim of a bonafide mistake. Despite prompt payment of the differential duty and partial penalty, the Tribunal deemed the reduction in the redemption fine appropriate, ultimately ruling in favor of the reduced fine but maintaining the original decision on penalty and confiscation of goods. Case-Laws Customs Mon, 28 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326567