https://www.taxtmi.com/caselaws?id=328513 The Appellate Tribunal CESTAT CHENNAI allowed the amendment of the cause title and found no mens rea in the misdeclaration of value by the appellant. Despite rectifying the error before goods clearance, a redemption fine of Rs. 1,00,000 and a penalty of Rs. 20,000 were imposed under the Customs Act, 1962. The Tribunal partially allowed the appeal, emphasizing the importance of prompt error rectification and compliance with customs regulations to avoid financial penalties. en-us Wed, 09 Mar 2016 00:00:00 +0530 Mon, 06 Jun 2016 12:57:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328513 The Appellate Tribunal CESTAT CHENNAI allowed the amendment of the cause title and found no mens rea in the misdeclaration of value by the appellant. Despite rectifying the error before goods clearance, a redemption fine of Rs. 1,00,000 and a penalty of Rs. 20,000 were imposed under the Customs Act, 1962. The Tribunal partially allowed the appeal, emphasizing the importance of prompt error rectification and compliance with customs regulations to avoid financial penalties. Case-Laws Customs Wed, 09 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328513