https://www.taxtmi.com/caselaws?id=442573 The Tribunal upheld the redemption fine and penalty imposed on imported old and used worn clothing, confirming that they were sufficient for the ends of justice. The Tribunal dismissed the Revenue's appeals seeking enhancement, citing previous case law. Confiscation under Section 111(d) of the Customs Act, 1962, was justified due to the lack of the required import license, emphasizing the importance of compliance with licensing requirements. The Tribunal reduced the redemption fine and penalty percentages to serve justice, finding the imposed amounts adequate and rejecting challenges to valuation methods. en-us Tue, 29 Aug 2023 00:00:00 +0530 Tue, 05 Sep 2023 08:40:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442573 The Tribunal upheld the redemption fine and penalty imposed on imported old and used worn clothing, confirming that they were sufficient for the ends of justice. The Tribunal dismissed the Revenue's appeals seeking enhancement, citing previous case law. Confiscation under Section 111(d) of the Customs Act, 1962, was justified due to the lack of the required import license, emphasizing the importance of compliance with licensing requirements. The Tribunal reduced the redemption fine and penalty percentages to serve justice, finding the imposed amounts adequate and rejecting challenges to valuation methods. Case-Laws Customs Tue, 29 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442573