https://www.taxtmi.com/caselaws?id=336509 The Appellate Tribunal CESTAT MUMBAI upheld the confiscation of the imported marble slabs under Section 111(d) of the Customs Act, 1962 due to misdeclaration of value. However, the Tribunal found the redemption fine and penalty imposed by the adjudicating authority excessive and reduced them. The redemption fine was reduced from &8377; 16 lakhs to &8377; 10 lakhs, while the penalty was reduced from &8377; 10 lakhs to &8377; 5,00,000. The impugned order was upheld with modifications, and the appeal was disposed of accordingly with any consequential relief. en-us Tue, 08 Nov 2016 00:00:00 +0530 Fri, 23 Dec 2016 11:14:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336509 The Appellate Tribunal CESTAT MUMBAI upheld the confiscation of the imported marble slabs under Section 111(d) of the Customs Act, 1962 due to misdeclaration of value. However, the Tribunal found the redemption fine and penalty imposed by the adjudicating authority excessive and reduced them. The redemption fine was reduced from &8377; 16 lakhs to &8377; 10 lakhs, while the penalty was reduced from &8377; 10 lakhs to &8377; 5,00,000. The impugned order was upheld with modifications, and the appeal was disposed of accordingly with any consequential relief. Case-Laws Customs Tue, 08 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336509