https://www.taxtmi.com/caselaws?id=371849 The Tribunal upheld the reclassification of imported goods from Aluminium Scrap Throb Grade to Aluminium Alloy Ingots - LM 24 Grade based on National Metallurgical Laboratory reports. The redemption fine was reduced from Rs. 14,00,000 to Rs. 3,00,000, and the penalty under Section 112 (a) was reduced from Rs. 2,50,000 to Rs. 1,00,000, considering demurrage charges and differential duty liability. The appeal was partly allowed, affirming the reclassification but mitigating the financial penalties due to the circumstances faced by the appellants. en-us Mon, 10 Dec 2018 00:00:00 +0530 Wed, 12 Dec 2018 18:13:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371849 The Tribunal upheld the reclassification of imported goods from Aluminium Scrap Throb Grade to Aluminium Alloy Ingots - LM 24 Grade based on National Metallurgical Laboratory reports. The redemption fine was reduced from Rs. 14,00,000 to Rs. 3,00,000, and the penalty under Section 112 (a) was reduced from Rs. 2,50,000 to Rs. 1,00,000, considering demurrage charges and differential duty liability. The appeal was partly allowed, affirming the reclassification but mitigating the financial penalties due to the circumstances faced by the appellants. Case-Laws Customs Mon, 10 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371849