https://www.taxtmi.com/caselaws?id=349144 The Appellate Tribunal CESTAT MUMBAI ruled on a case involving mis-declaration of goods, where the appellants were found to have imported serviceable wheels instead of scraps as declared. The Tribunal confirmed the imposition of penalties and a redemption fine due to deliberate mis-declaration. Despite presenting a certificate post-importation, it was deemed irrelevant. The Tribunal reduced the redemption fine to Rs. 8 lakhs based on a previous apex court ratio but upheld the penalty on the appellant-company. A lesser personal penalty of Rs. 2 lakhs was imposed on one appellant to deter future mis-declaration. Both appeals were partly allowed with adjustments. en-us Mon, 21 Aug 2017 00:00:00 +0530 Sat, 07 Oct 2017 08:59:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349144 The Appellate Tribunal CESTAT MUMBAI ruled on a case involving mis-declaration of goods, where the appellants were found to have imported serviceable wheels instead of scraps as declared. The Tribunal confirmed the imposition of penalties and a redemption fine due to deliberate mis-declaration. Despite presenting a certificate post-importation, it was deemed irrelevant. The Tribunal reduced the redemption fine to Rs. 8 lakhs based on a previous apex court ratio but upheld the penalty on the appellant-company. A lesser personal penalty of Rs. 2 lakhs was imposed on one appellant to deter future mis-declaration. Both appeals were partly allowed with adjustments. Case-Laws Customs Mon, 21 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349144