https://www.taxtmi.com/caselaws?id=337346 The Tribunal upheld the confiscation of the seized potassium permanganate but allowed its release upon payment of a fine within a specified period. It found that the appellant, an export-oriented unit, had no mala fides in importing the goods without the required certification, as customs authorities had cleared the import without issue. The Tribunal deemed the penalty imposed by lower authorities as unwarranted, considering the technical breach and lack of evidence of misuse, setting it aside in favor of an equitable application of the Customs Act, 1962. en-us Tue, 20 Dec 2016 00:00:00 +0530 Fri, 06 Jan 2017 15:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337346 The Tribunal upheld the confiscation of the seized potassium permanganate but allowed its release upon payment of a fine within a specified period. It found that the appellant, an export-oriented unit, had no mala fides in importing the goods without the required certification, as customs authorities had cleared the import without issue. The Tribunal deemed the penalty imposed by lower authorities as unwarranted, considering the technical breach and lack of evidence of misuse, setting it aside in favor of an equitable application of the Customs Act, 1962. Case-Laws Central Excise Tue, 20 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337346