https://www.taxtmi.com/caselaws?id=441770 The Tribunal upheld the enhancement of declared value of imported goods, confiscation, and penalty imposition for importing garments without the necessary license. The respondent's redemption fine and penalty were maintained at 10% and 5% of the assessed value, respectively. The Tribunal emphasized compliance with licensing requirements under the Foreign Trade Policy and upheld the confiscation under Section 111(d) of the Customs Act, 1962. The impugned order was affirmed, dismissing the Revenue's appeal, as the redemption fine and penalty were deemed appropriate to serve justice. en-us Fri, 04 Aug 2023 00:00:00 +0530 Thu, 17 Aug 2023 07:46:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441770 The Tribunal upheld the enhancement of declared value of imported goods, confiscation, and penalty imposition for importing garments without the necessary license. The respondent's redemption fine and penalty were maintained at 10% and 5% of the assessed value, respectively. The Tribunal emphasized compliance with licensing requirements under the Foreign Trade Policy and upheld the confiscation under Section 111(d) of the Customs Act, 1962. The impugned order was affirmed, dismissing the Revenue's appeal, as the redemption fine and penalty were deemed appropriate to serve justice. Case-Laws Customs Fri, 04 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441770