https://www.taxtmi.com/caselaws?id=342231 The Tribunal ruled in favor of the appellant, overturning the imposition of redemption fine and penalty under Section 112(a) of the Customs Act, 1962, based on alleged undervaluation of imported goods. The Tribunal found the imposition of fine and penalty unjustified, considering the lack of cogent evidence of undervaluation and precedent from a similar case. The appeal was allowed, setting aside the fine and penalty with any consequential relief. en-us Tue, 21 Mar 2017 00:00:00 +0530 Sat, 29 Apr 2017 10:11:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342231 The Tribunal ruled in favor of the appellant, overturning the imposition of redemption fine and penalty under Section 112(a) of the Customs Act, 1962, based on alleged undervaluation of imported goods. The Tribunal found the imposition of fine and penalty unjustified, considering the lack of cogent evidence of undervaluation and precedent from a similar case. The appeal was allowed, setting aside the fine and penalty with any consequential relief. Case-Laws Customs Tue, 21 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342231