https://www.taxtmi.com/caselaws?id=327934 The Tribunal upheld the order-in-appeal but reduced the redemption fine and penalty imposed on the appellant for importing marble slabs below the permitted CIF value due to exchange rate fluctuations. The appellant's goods were marginally non-compliant with the Exim Policy, leading to confiscation under the Customs Act, 1962. However, considering the lack of intentional wrongdoing and the nature of the violation, the Tribunal granted leniency by reducing the redemption fine to Rs. 1,50,000 and penalty to Rs. 50,000. The decision highlighted fairness and justice in penalty imposition. en-us Wed, 04 May 2016 00:00:00 +0530 Sun, 22 May 2016 17:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327934 The Tribunal upheld the order-in-appeal but reduced the redemption fine and penalty imposed on the appellant for importing marble slabs below the permitted CIF value due to exchange rate fluctuations. The appellant's goods were marginally non-compliant with the Exim Policy, leading to confiscation under the Customs Act, 1962. However, considering the lack of intentional wrongdoing and the nature of the violation, the Tribunal granted leniency by reducing the redemption fine to Rs. 1,50,000 and penalty to Rs. 50,000. The decision highlighted fairness and justice in penalty imposition. Case-Laws Customs Wed, 04 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327934