https://www.taxtmi.com/highlights?id=65825 Levy of redemption fine and penalty - re-export of goods - misdeclaration of goods - the penalty imposed under Section 112 (a) of the Customs Act, 1962 is proper. However, the penalty of Rs.7 lakhs appears to be on a higher side. The penalty calls for reduction and it is reduced to Rs. 2 lakhs - AT en-us Tue, 27 Sep 2022 09:12:34 +0530 Tue, 27 Sep 2022 09:12:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=65825 Levy of redemption fine and penalty - re-export of goods - misdeclaration of goods - the penalty imposed under Section 112 (a) of the Customs Act, 1962 is proper. However, the penalty of Rs.7 lakhs appears to be on a higher side. The penalty calls for reduction and it is reduced to Rs. 2 lakhs - AT Highlights Customs Tue, 27 Sep 2022 09:12:34 +0530 https://www.taxtmi.com/highlights?id=65825