https://www.taxtmi.com/caselaws?id=287187 The Appellate Tribunal CESTAT Kolkata upheld the seizure and confiscation of goods due to ownership dispute and questionable documents but deemed the redemption fine and penalties excessive. After reviewing submissions and records, the tribunal reduced the redemption fine on goods and the vehicle to Rs. 75,000 and Rs. 40,000, respectively, and lowered the penalty to Rs. 10,000. The judgment emphasized the excessive nature of the initial fines and penalties, ultimately disposing of both appeals with revised amounts on 16-11-2017. en-us Thu, 16 Nov 2017 00:00:00 +0530 Fri, 03 Apr 2020 10:52:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287187 The Appellate Tribunal CESTAT Kolkata upheld the seizure and confiscation of goods due to ownership dispute and questionable documents but deemed the redemption fine and penalties excessive. After reviewing submissions and records, the tribunal reduced the redemption fine on goods and the vehicle to Rs. 75,000 and Rs. 40,000, respectively, and lowered the penalty to Rs. 10,000. The judgment emphasized the excessive nature of the initial fines and penalties, ultimately disposing of both appeals with revised amounts on 16-11-2017. Case-Laws Customs Thu, 16 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287187