https://www.taxtmi.com/caselaws?id=289294 The CESTAT Kolkata adjudicated an appeal concerning the confiscation of imported worn clothing under Section 111(d) of the Customs Act, 1962. The original authority's decision to enhance the declared value, impose a redemption fine, and levy a personal penalty was partially modified by the First Appellate Authority, which reduced the fine and penalty. The Revenue's appeal for increased penalties due to repeated Import Trade Control violations was dismissed. The Tribunal upheld the Commissioner (Appeals)' decision, referencing CESTAT Delhi's precedent on appropriate penalty percentages, and rejected the Revenue's appeal, affirming the reduced penalties and disposing of the Stay Petition. en-us Mon, 05 Aug 2019 00:00:00 +0530 Thu, 14 Nov 2024 11:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289294 The CESTAT Kolkata adjudicated an appeal concerning the confiscation of imported worn clothing under Section 111(d) of the Customs Act, 1962. The original authority's decision to enhance the declared value, impose a redemption fine, and levy a personal penalty was partially modified by the First Appellate Authority, which reduced the fine and penalty. The Revenue's appeal for increased penalties due to repeated Import Trade Control violations was dismissed. The Tribunal upheld the Commissioner (Appeals)' decision, referencing CESTAT Delhi's precedent on appropriate penalty percentages, and rejected the Revenue's appeal, affirming the reduced penalties and disposing of the Stay Petition. Case-Laws Customs Mon, 05 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289294