https://www.taxtmi.com/caselaws?id=367415 The Tribunal upheld the Department's demand for a higher duty rate of 60% for the period 1.3.2011 to 23.3.2011, and a duty rate of 30% for the period 24.3.2011 to 11.4.2013. The extended period of limitation under Section 28(4) of the Customs Act, 1962, was not invoked due to no deliberate suppression of facts. The penalty under Section 114A was set aside, while the confiscation of goods and redemption fine were upheld but reduced to Rs. 1,00,00,000 each. The penalty under Section 112(a) was also upheld but reduced to Rs. 1,00,00,000. The appeal was partly allowed and partly remanded. en-us Mon, 17 Sep 2018 00:00:00 +0530 Wed, 19 Jun 2019 13:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367415 The Tribunal upheld the Department's demand for a higher duty rate of 60% for the period 1.3.2011 to 23.3.2011, and a duty rate of 30% for the period 24.3.2011 to 11.4.2013. The extended period of limitation under Section 28(4) of the Customs Act, 1962, was not invoked due to no deliberate suppression of facts. The penalty under Section 114A was set aside, while the confiscation of goods and redemption fine were upheld but reduced to Rs. 1,00,00,000 each. The penalty under Section 112(a) was also upheld but reduced to Rs. 1,00,00,000. The appeal was partly allowed and partly remanded. Case-Laws Customs Mon, 17 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367415