https://www.taxtmi.com/caselaws?id=336994 The Tribunal upheld the penalty imposed but recommended further examination of the 25% penalty reduction option. It ruled that the interest calculation was incorrect and needed to be recalculated based on specified rates. The redemption fine was dropped as the goods were unavailable and not provisionally released. The case was remanded to the original adjudicating authority for further action. en-us Tue, 13 Dec 2016 00:00:00 +0530 Fri, 09 Sep 2022 14:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336994 The Tribunal upheld the penalty imposed but recommended further examination of the 25% penalty reduction option. It ruled that the interest calculation was incorrect and needed to be recalculated based on specified rates. The redemption fine was dropped as the goods were unavailable and not provisionally released. The case was remanded to the original adjudicating authority for further action. Case-Laws Customs Tue, 13 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336994