https://www.taxtmi.com/caselaws?id=440568 The Tribunal partially allowed the appeal, reducing the penalty imposed on the appellant to Rs.5,00,000 under Section 114(i) of the Customs Act, 1962. The confiscation of red sanders valued at Rs.33,90,000 was upheld, with other goods allowed redemption upon payment of a fine. The appellant's lack of knowledge regarding the prohibited nature of the goods was considered, leading to the finding that the penalty initially imposed was disproportionate and excessive. en-us Thu, 20 Jul 2023 00:00:00 +0530 Fri, 21 Jul 2023 08:25:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440568 The Tribunal partially allowed the appeal, reducing the penalty imposed on the appellant to Rs.5,00,000 under Section 114(i) of the Customs Act, 1962. The confiscation of red sanders valued at Rs.33,90,000 was upheld, with other goods allowed redemption upon payment of a fine. The appellant's lack of knowledge regarding the prohibited nature of the goods was considered, leading to the finding that the penalty initially imposed was disproportionate and excessive. Case-Laws Customs Thu, 20 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440568