https://www.taxtmi.com/caselaws?id=373616 The Tribunal upheld the confiscation, redemption fine, and penalty imposed on the appellants for misdeclaration of goods under the EPCG scheme. The decision emphasized the lack of bonafide error in the misdeclaration, leading to the imposition of a redemption fine of Rs. 1,00,000 and a penalty of Rs. 50,000 under the Customs Act, 1962. The judgment cited precedents and legal principles to support the penalties, ultimately dismissing the appeal and allowing a change in the cause-title during the hearing. en-us Tue, 15 Jan 2019 00:00:00 +0530 Thu, 17 Jan 2019 08:07:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373616 The Tribunal upheld the confiscation, redemption fine, and penalty imposed on the appellants for misdeclaration of goods under the EPCG scheme. The decision emphasized the lack of bonafide error in the misdeclaration, leading to the imposition of a redemption fine of Rs. 1,00,000 and a penalty of Rs. 50,000 under the Customs Act, 1962. The judgment cited precedents and legal principles to support the penalties, ultimately dismissing the appeal and allowing a change in the cause-title during the hearing. Case-Laws Customs Tue, 15 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373616