https://www.taxtmi.com/caselaws?id=351763 The Appellate Tribunal CESTAT CHENNAI partially allowed the appeal regarding the import of "Used Monitors and used Computer parts" without a valid license. While upholding the value enhancement decision, the Tribunal reduced the redemption fine to &8377; 2,50,000 and the penalty to &8377; 1,50,000, finding the original amounts excessive. The decision aimed to balance financial burden and uphold consequences of mis-description and licensing non-compliance. en-us Fri, 11 Aug 2017 00:00:00 +0530 Fri, 01 Dec 2017 08:09:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351763 The Appellate Tribunal CESTAT CHENNAI partially allowed the appeal regarding the import of "Used Monitors and used Computer parts" without a valid license. While upholding the value enhancement decision, the Tribunal reduced the redemption fine to &8377; 2,50,000 and the penalty to &8377; 1,50,000, finding the original amounts excessive. The decision aimed to balance financial burden and uphold consequences of mis-description and licensing non-compliance. Case-Laws Customs Fri, 11 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351763