https://www.taxtmi.com/caselaws?id=340611 The appellant challenged the penalization under Section 112(a) of the Customs Act, 1962, for undervaluing imported goods. The adjudicating authority re-determined the assessable value, ordered confiscation with an option for redemption on payment of a fine, and imposed a penalty. The Tribunal found the redemption fine appropriate but reduced the penalty from Rs. 4 lakhs to Rs. 1 lakh, deeming it excessive. The decision aimed at achieving a fair outcome, considering the appellant's arguments and ensuring a just resolution. en-us Wed, 25 Jan 2017 00:00:00 +0530 Fri, 24 Mar 2017 07:16:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340611 The appellant challenged the penalization under Section 112(a) of the Customs Act, 1962, for undervaluing imported goods. The adjudicating authority re-determined the assessable value, ordered confiscation with an option for redemption on payment of a fine, and imposed a penalty. The Tribunal found the redemption fine appropriate but reduced the penalty from Rs. 4 lakhs to Rs. 1 lakh, deeming it excessive. The decision aimed at achieving a fair outcome, considering the appellant's arguments and ensuring a just resolution. Case-Laws Customs Wed, 25 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340611