https://www.taxtmi.com/caselaws?id=338723 The Tribunal reinstated a reduced penalty of Rs. 3,00,000 on the director of the importing firm and upheld fines and penalties imposed on the importer for mis-declaration and Customs Act violations. The dispute over the nature of the importing firm was resolved, with penalties restored based on partnership status. The appeal against confiscation of goods and penalties was dismissed, affirming penalties on the importer and allowing re-export on payment of a redemption fine. en-us Mon, 05 Dec 2016 00:00:00 +0530 Fri, 10 Feb 2017 08:42:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338723 The Tribunal reinstated a reduced penalty of Rs. 3,00,000 on the director of the importing firm and upheld fines and penalties imposed on the importer for mis-declaration and Customs Act violations. The dispute over the nature of the importing firm was resolved, with penalties restored based on partnership status. The appeal against confiscation of goods and penalties was dismissed, affirming penalties on the importer and allowing re-export on payment of a redemption fine. Case-Laws Customs Mon, 05 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338723