https://www.taxtmi.com/caselaws?id=282899 The Tribunal upheld the Commissioner of Customs (Appeals), New Delhi's decision to reduce penalties imposed under Sections 112(a) and 114A of the Customs Act, 1962, to &8377; 35,000 each. The appeal by the Revenue challenging the differential duty demand on imported paint items based on MRP, penalties, and misdeclaration of RSP was dismissed. The Tribunal found no grounds to interfere with the Commissioner's decision, citing established legal principles and precedent, as well as the pending status of related matters before the Hon'ble Supreme Court. en-us Mon, 24 Jul 2017 00:00:00 +0530 Fri, 30 Aug 2019 06:14:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282899 The Tribunal upheld the Commissioner of Customs (Appeals), New Delhi's decision to reduce penalties imposed under Sections 112(a) and 114A of the Customs Act, 1962, to &8377; 35,000 each. The appeal by the Revenue challenging the differential duty demand on imported paint items based on MRP, penalties, and misdeclaration of RSP was dismissed. The Tribunal found no grounds to interfere with the Commissioner's decision, citing established legal principles and precedent, as well as the pending status of related matters before the Hon'ble Supreme Court. Case-Laws Customs Mon, 24 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282899