https://www.taxtmi.com/caselaws?id=343388 The Appellate Tribunal ruled in favor of the Revenue, setting aside the reduction of the redemption fine and penalties on the importer while reinstating the original amounts. The Tribunal also upheld the penalties on the directors of the importing company, finding their involvement in the misdeclaration of goods justified and their actions warranting penal consequences under Section 112(b) of the Customs Act. en-us Mon, 08 May 2017 00:00:00 +0530 Wed, 24 May 2017 07:06:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343388 The Appellate Tribunal ruled in favor of the Revenue, setting aside the reduction of the redemption fine and penalties on the importer while reinstating the original amounts. The Tribunal also upheld the penalties on the directors of the importing company, finding their involvement in the misdeclaration of goods justified and their actions warranting penal consequences under Section 112(b) of the Customs Act. Case-Laws Customs Mon, 08 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343388