https://www.taxtmi.com/caselaws?id=354285 The Tribunal upheld the confiscation of the security deposit in an appeal against an Order-in-Original regarding misdeclaration of exported goods, specifically 'OWC' being Muriate of Potash (MOP), a restricted item. Despite the appellant's plea for penalty cancellation based on a previous Tribunal decision, the Tribunal found the penalties under Customs Act and CBLR distinct, justifying the confiscation due to the CHA's negligence and knowledge of prohibited items. The decision highlighted the CHA's duty to protect national interests and emphasized adherence to Circular No.9/2010 for timely actions, ultimately dismissing the appeal. en-us Fri, 24 Nov 2017 00:00:00 +0530 Fri, 08 Mar 2019 13:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354285 The Tribunal upheld the confiscation of the security deposit in an appeal against an Order-in-Original regarding misdeclaration of exported goods, specifically 'OWC' being Muriate of Potash (MOP), a restricted item. Despite the appellant's plea for penalty cancellation based on a previous Tribunal decision, the Tribunal found the penalties under Customs Act and CBLR distinct, justifying the confiscation due to the CHA's negligence and knowledge of prohibited items. The decision highlighted the CHA's duty to protect national interests and emphasized adherence to Circular No.9/2010 for timely actions, ultimately dismissing the appeal. Case-Laws Customs Fri, 24 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354285