https://www.taxtmi.com/caselaws?id=372915 The Appellate Tribunal CESTAT KOLKATA addressed the delay in filing the appeal, reduction of fine and penalty, misdeclaration of value under the Customs Act, and the judicious imposition of penalties. The Tribunal upheld the Commissioner (Appeals)' decision to reduce the penalty from 11% to 5% of the CIF assessed value, emphasizing the need for a fair and reasoned approach in penalty imposition. The Tribunal dismissed the Revenue's appeal, affirming the confiscation under Section 111(d) and highlighting the importance of discretion in customs cases. en-us Fri, 28 Dec 2018 00:00:00 +0530 Thu, 03 Jan 2019 07:57:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372915 The Appellate Tribunal CESTAT KOLKATA addressed the delay in filing the appeal, reduction of fine and penalty, misdeclaration of value under the Customs Act, and the judicious imposition of penalties. The Tribunal upheld the Commissioner (Appeals)' decision to reduce the penalty from 11% to 5% of the CIF assessed value, emphasizing the need for a fair and reasoned approach in penalty imposition. The Tribunal dismissed the Revenue's appeal, affirming the confiscation under Section 111(d) and highlighting the importance of discretion in customs cases. Case-Laws Customs Fri, 28 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372915