https://www.taxtmi.com/caselaws?id=432222 The Tribunal held that redemption fines and penalties cannot be imposed on importers for misclassification of goods when there is no intent to evade duty. Relying on legal precedents, the Tribunal set aside the fines and penalties imposed on the appellants, as there was no evidence of fraudulent intent in the classification of the goods. The decision emphasized the importance of accurate classification and good faith belief in determining the applicability of fines and penalties under the Customs Act. en-us Wed, 07 Dec 2022 00:00:00 +0530 Sat, 31 Dec 2022 08:44:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432222 The Tribunal held that redemption fines and penalties cannot be imposed on importers for misclassification of goods when there is no intent to evade duty. Relying on legal precedents, the Tribunal set aside the fines and penalties imposed on the appellants, as there was no evidence of fraudulent intent in the classification of the goods. The decision emphasized the importance of accurate classification and good faith belief in determining the applicability of fines and penalties under the Customs Act. Case-Laws Customs Wed, 07 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432222