https://www.taxtmi.com/caselaws?id=442842 The Tribunal set aside the confiscation, redemption fine, and penalty imposed on the assessee for the reclassification of imported goods under the Customs Act, 1962. The Tribunal found that the reclassification was not intentional and lacked mens rea. Additionally, the Tribunal rejected the Revenue's appeal for the demand of interest on the differential duty, citing a precedent that exempted goods from duty also exempted them from interest liability. The decision was announced on 05.09.2023. en-us Tue, 05 Sep 2023 00:00:00 +0530 Mon, 11 Sep 2023 23:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442842 The Tribunal set aside the confiscation, redemption fine, and penalty imposed on the assessee for the reclassification of imported goods under the Customs Act, 1962. The Tribunal found that the reclassification was not intentional and lacked mens rea. Additionally, the Tribunal rejected the Revenue's appeal for the demand of interest on the differential duty, citing a precedent that exempted goods from duty also exempted them from interest liability. The decision was announced on 05.09.2023. Case-Laws Customs Tue, 05 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442842