https://www.taxtmi.com/caselaws?id=196005 The Tribunal partially allowed the appeals in a case involving mis-declaration of an export consignment by M/s. Rainbow Silk and its partner. The redemption fine was reduced from Rs. 3 lakhs to Rs. 1 lakh due to the consignment's value. Penalties of Rs. 1 lakh on M/s. Rainbow Silks and Rs. 50,000 on the partner were upheld as the mis-declaration was deemed intentional to defraud the Revenue. The denial of import duty benefit was also affirmed. The decision was rendered on 2-12-2016. en-us Fri, 02 Dec 2016 00:00:00 +0530 Fri, 17 Nov 2017 06:54:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196005 The Tribunal partially allowed the appeals in a case involving mis-declaration of an export consignment by M/s. Rainbow Silk and its partner. The redemption fine was reduced from Rs. 3 lakhs to Rs. 1 lakh due to the consignment's value. Penalties of Rs. 1 lakh on M/s. Rainbow Silks and Rs. 50,000 on the partner were upheld as the mis-declaration was deemed intentional to defraud the Revenue. The denial of import duty benefit was also affirmed. The decision was rendered on 2-12-2016. Case-Laws Customs Fri, 02 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196005