https://www.taxtmi.com/caselaws?id=353762 The judgment by Mrs. Archana Wadhwa at the Appellate Tribunal CESTAT MUMBAI involved mis-declaration of exported goods by M/s. Nima Enterprises Pvt. Ltd., leading to confiscation of goods and imposition of penalties. The court found the mis-declaration to be intentional, justifying the confiscation of goods. However, the redemption fine was reduced from 30% to 20% of the goods' value due to lack of consideration for profit margins. The penalty on the Director was overturned, maintaining the firm's penalty. The decision aimed to strike a fair balance between penalties, redemption fines, and confiscation of goods. en-us Thu, 14 Dec 2017 00:00:00 +0530 Thu, 11 Jan 2018 08:34:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353762 The judgment by Mrs. Archana Wadhwa at the Appellate Tribunal CESTAT MUMBAI involved mis-declaration of exported goods by M/s. Nima Enterprises Pvt. Ltd., leading to confiscation of goods and imposition of penalties. The court found the mis-declaration to be intentional, justifying the confiscation of goods. However, the redemption fine was reduced from 30% to 20% of the goods' value due to lack of consideration for profit margins. The penalty on the Director was overturned, maintaining the firm's penalty. The decision aimed to strike a fair balance between penalties, redemption fines, and confiscation of goods. Case-Laws Customs Thu, 14 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353762