https://www.taxtmi.com/caselaws?id=349660 The Appellate Tribunal CESTAT AHMEDABAD upheld the confiscation of excess goods valued at Rs. 94,04,795 due to misdeclaration during importation. While penalties and fines were imposed on both appellants, the Tribunal reduced the redemption fine to Rs. 15 Lakhs and the penalty on one appellant to Rs. 5 Lakhs. The Tribunal differentiated the case from previous precedents, leading to modifications in the fines and penalties imposed. The decision disposed of the appeals with adjustments to the penalties and fines, ultimately affirming the confiscation but reducing the financial liabilities on the appellants. en-us Fri, 22 Sep 2017 00:00:00 +0530 Sat, 28 Oct 2017 13:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349660 The Appellate Tribunal CESTAT AHMEDABAD upheld the confiscation of excess goods valued at Rs. 94,04,795 due to misdeclaration during importation. While penalties and fines were imposed on both appellants, the Tribunal reduced the redemption fine to Rs. 15 Lakhs and the penalty on one appellant to Rs. 5 Lakhs. The Tribunal differentiated the case from previous precedents, leading to modifications in the fines and penalties imposed. The decision disposed of the appeals with adjustments to the penalties and fines, ultimately affirming the confiscation but reducing the financial liabilities on the appellants. Case-Laws Customs Fri, 22 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349660