https://www.taxtmi.com/caselaws?id=349608 The Tribunal upheld the demand of duty against the appellant, M/s. AXA Business Services (P) Ltd., amounting to &8377; 19,94,512/-, along with a redemption fine of &8377; 20 lakhs and a penalty of &8377; 5 lakhs. The goods were deemed obsolete and not utilized as intended, leading to the confirmation of the duty demand. The redemption fines were set aside, and the penalty amount was reduced to &8377; 5,000 considering the circumstances. The appeal was allowed with modifications in favor of the appellant. en-us Thu, 24 Aug 2017 00:00:00 +0530 Wed, 18 Oct 2017 11:01:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349608 The Tribunal upheld the demand of duty against the appellant, M/s. AXA Business Services (P) Ltd., amounting to &8377; 19,94,512/-, along with a redemption fine of &8377; 20 lakhs and a penalty of &8377; 5 lakhs. The goods were deemed obsolete and not utilized as intended, leading to the confirmation of the duty demand. The redemption fines were set aside, and the penalty amount was reduced to &8377; 5,000 considering the circumstances. The appeal was allowed with modifications in favor of the appellant. Case-Laws Customs Thu, 24 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349608