https://www.taxtmi.com/caselaws?id=344613 The tribunal upheld the confiscation of goods due to misdeclaration but reduced the redemption fine and penalties in proportion to the value of the undeclared goods. Penalties under Sections 112(b)(ii) and 114AA of the Customs Act were lowered to align with the value of the undeclared goods, with fines reduced to &8377; 50,000 and &8377; 1 lakh respectively. The tribunal emphasized that only offending goods can be confiscated and ordered the reduction of fines and penalties accordingly. en-us Wed, 07 Jun 2017 00:00:00 +0530 Thu, 22 Jun 2017 09:21:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344613 The tribunal upheld the confiscation of goods due to misdeclaration but reduced the redemption fine and penalties in proportion to the value of the undeclared goods. Penalties under Sections 112(b)(ii) and 114AA of the Customs Act were lowered to align with the value of the undeclared goods, with fines reduced to &8377; 50,000 and &8377; 1 lakh respectively. The tribunal emphasized that only offending goods can be confiscated and ordered the reduction of fines and penalties accordingly. Case-Laws Customs Wed, 07 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344613