https://www.taxtmi.com/caselaws?id=336247 The Tribunal modified the impugned order in a case involving improper importation of goods due to an invalid license. The appellant's goods were confiscated, and a redemption fine of Rs. 4,00,000 and a penalty of Rs. 1,00,000 were imposed under the Customs Act, 1962. The Tribunal found the redemption fine and penalty justified but excessive, reducing them to Rs. 20,000 and Rs. 10,000, respectively, in the interest of justice. The judgment emphasized adherence to statutory provisions in importation procedures while balancing penalties imposed on the appellant. en-us Thu, 28 Jul 2016 00:00:00 +0530 Sun, 18 Dec 2016 23:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336247 The Tribunal modified the impugned order in a case involving improper importation of goods due to an invalid license. The appellant's goods were confiscated, and a redemption fine of Rs. 4,00,000 and a penalty of Rs. 1,00,000 were imposed under the Customs Act, 1962. The Tribunal found the redemption fine and penalty justified but excessive, reducing them to Rs. 20,000 and Rs. 10,000, respectively, in the interest of justice. The judgment emphasized adherence to statutory provisions in importation procedures while balancing penalties imposed on the appellant. Case-Laws Customs Thu, 28 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336247