https://www.taxtmi.com/caselaws?id=380194 The appellate tribunal upheld the reclassification of imported goods as "Creative Toys Modelling Clay" under CTH 34070010 instead of CTH 95030090. The tribunal determined that the goods fell under the specific category of modeling pastes for children's amusement, supporting the decision with relevant case laws and HSN Explanatory Notes. The penalty imposed on the importer under Section 112(a) of the Customs Act, 1962, was set aside as misclassification alone should not trigger penal consequences, aligning with precedents. The appeal was partially allowed, with penalties being overturned while the reclassification under CTH 34070010 was affirmed. en-us Mon, 21 Jan 2019 00:00:00 +0530 Sat, 14 Mar 2020 12:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380194 The appellate tribunal upheld the reclassification of imported goods as "Creative Toys Modelling Clay" under CTH 34070010 instead of CTH 95030090. The tribunal determined that the goods fell under the specific category of modeling pastes for children's amusement, supporting the decision with relevant case laws and HSN Explanatory Notes. The penalty imposed on the importer under Section 112(a) of the Customs Act, 1962, was set aside as misclassification alone should not trigger penal consequences, aligning with precedents. The appeal was partially allowed, with penalties being overturned while the reclassification under CTH 34070010 was affirmed. Case-Laws Customs Mon, 21 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380194