https://www.taxtmi.com/caselaws?id=402164 The Commissioner (Appeals) set aside the redemption fine and penalty imposed on an importer for mis-declaration of goods under the Customs Act, 1962. The decision was based on the importer's demonstration of bonafides and lack of malafide intention, supported by evidence of error by the overseas supplier. The Tribunal upheld this decision, emphasizing the absence of malafide intent by the importer and the principle against double jeopardy in imposing fines and penalties simultaneously. The case highlighted the importance of proving bonafides in cases of mis-declaration to avoid punitive measures under customs laws. en-us Tue, 13 Oct 2020 00:00:00 +0530 Fri, 25 Dec 2020 16:13:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402164 The Commissioner (Appeals) set aside the redemption fine and penalty imposed on an importer for mis-declaration of goods under the Customs Act, 1962. The decision was based on the importer's demonstration of bonafides and lack of malafide intention, supported by evidence of error by the overseas supplier. The Tribunal upheld this decision, emphasizing the absence of malafide intent by the importer and the principle against double jeopardy in imposing fines and penalties simultaneously. The case highlighted the importance of proving bonafides in cases of mis-declaration to avoid punitive measures under customs laws. Case-Laws Customs Tue, 13 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402164