https://www.taxtmi.com/caselaws?id=348749 The Appellate Tribunal CESTAT ALLAHABAD set aside the penalty and reduced the redemption fine imposed on the appellant for the confiscation of goods under the Customs Act, 1962. The Tribunal found that there was no mala-fide intention on the part of the appellant to mis-declare the goods, considering evidence such as sales contract, invoice, Pre-shipment inspection certificate, and Bill of Lading. The penalty of &8377; 1,50,000 was set aside, and the redemption fine was reduced from &8377; 5 lacs to &8377; 50,000. en-us Fri, 01 Sep 2017 00:00:00 +0530 Thu, 28 Sep 2017 07:12:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348749 The Appellate Tribunal CESTAT ALLAHABAD set aside the penalty and reduced the redemption fine imposed on the appellant for the confiscation of goods under the Customs Act, 1962. The Tribunal found that there was no mala-fide intention on the part of the appellant to mis-declare the goods, considering evidence such as sales contract, invoice, Pre-shipment inspection certificate, and Bill of Lading. The penalty of &8377; 1,50,000 was set aside, and the redemption fine was reduced from &8377; 5 lacs to &8377; 50,000. Case-Laws Customs Fri, 01 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348749