https://www.taxtmi.com/caselaws?id=186784 The Tribunal dismissed the Revenue's appeals challenging the reduction of redemption fine and penalties for confiscated goods. The Commissioner (Appeals) had lowered the fines and penalties after determining that the goods were correctly declared, not undervalued, and there was no misconduct by the Commissioner. The Tribunal upheld the decision, citing the absence of misdeclaration and supporting the Commissioner's assessment of the goods' market price. The previous Tribunal decision in favor of the respondent was also referenced, leading to the dismissal of the Revenue's appeals. en-us Fri, 07 Sep 2007 00:00:00 +0530 Fri, 30 Sep 2016 14:24:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186784 The Tribunal dismissed the Revenue's appeals challenging the reduction of redemption fine and penalties for confiscated goods. The Commissioner (Appeals) had lowered the fines and penalties after determining that the goods were correctly declared, not undervalued, and there was no misconduct by the Commissioner. The Tribunal upheld the decision, citing the absence of misdeclaration and supporting the Commissioner's assessment of the goods' market price. The previous Tribunal decision in favor of the respondent was also referenced, leading to the dismissal of the Revenue's appeals. Case-Laws Customs Fri, 07 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186784