https://www.taxtmi.com/caselaws?id=198464 The Tribunal set aside undervaluation charges for imported used tyres with metallic frames but upheld charges for tyres without metallic frames and policy violations. The Tribunal allowed a Review Order Modification application to determine the Redemption fine (RF) and Penalty, reducing the RF from &8377;1.75 lakhs to &8377;1 lakh and the penalty from &8377;50,000 to &8377;25,000 based on an estimated duty difference of around 2.5 lakhs for both types of tyres. The penalty for policy violation remained unchanged. en-us Fri, 14 Oct 2016 00:00:00 +0530 Wed, 31 Jan 2018 18:24:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198464 The Tribunal set aside undervaluation charges for imported used tyres with metallic frames but upheld charges for tyres without metallic frames and policy violations. The Tribunal allowed a Review Order Modification application to determine the Redemption fine (RF) and Penalty, reducing the RF from &8377;1.75 lakhs to &8377;1 lakh and the penalty from &8377;50,000 to &8377;25,000 based on an estimated duty difference of around 2.5 lakhs for both types of tyres. The penalty for policy violation remained unchanged. Case-Laws Customs Fri, 14 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198464