https://www.taxtmi.com/caselaws?id=412906 The Tribunal partially allowed the appeals by reducing the redemption fine to 10% of the enhanced value and penalty to 5% of the enhanced value, emphasizing the need to adhere to authorization requirements for importing restricted goods under the Customs Act, 1962. The decision underscored the importance of neutralizing economic advantages gained from unauthorized imports and maintained consistency in applying redemption fines and penalties in similar cases. en-us Thu, 23 Sep 2021 00:00:00 +0530 Thu, 30 Sep 2021 09:20:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412906 The Tribunal partially allowed the appeals by reducing the redemption fine to 10% of the enhanced value and penalty to 5% of the enhanced value, emphasizing the need to adhere to authorization requirements for importing restricted goods under the Customs Act, 1962. The decision underscored the importance of neutralizing economic advantages gained from unauthorized imports and maintained consistency in applying redemption fines and penalties in similar cases. Case-Laws Customs Thu, 23 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412906