https://www.taxtmi.com/caselaws?id=380307 The Court upheld the Tribunal's decision to waive the redemption fine and penalty imposed on the importer in a customs dispute involving misdeclaration and misclassification of goods. The Court found that the penalty under Section 112(a) of the Customs Act was not warranted in this case due to the classification dispute and long-standing practice. The Court dismissed the Revenue's appeal, ruling in favor of the respondent and emphasizing the unique circumstances as grounds for not imposing the penalty. en-us Thu, 04 Apr 2019 00:00:00 +0530 Wed, 08 Jan 2020 14:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380307 The Court upheld the Tribunal's decision to waive the redemption fine and penalty imposed on the importer in a customs dispute involving misdeclaration and misclassification of goods. The Court found that the penalty under Section 112(a) of the Customs Act was not warranted in this case due to the classification dispute and long-standing practice. The Court dismissed the Revenue's appeal, ruling in favor of the respondent and emphasizing the unique circumstances as grounds for not imposing the penalty. Case-Laws Customs Thu, 04 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380307