https://www.taxtmi.com/caselaws?id=444537 The Tribunal partly allowed the appeal in favor of the appellants, M/s Namco Industries Pvt. Ltd., by setting aside the redemption fine of Rs.60,00,000/- and penalty of Rs.30,00,000/- imposed by the Commissioner under Section 112(a) of the Customs Act, 1962. It upheld the order confirming the recovery of duty foregone and interest, as the appellants had fulfilled the conditions of Customs Notification No.96/2009-Cus by paying the differential duty and interest and obtaining necessary permissions from DGFT before the issuance of the show-cause notice. en-us Thu, 12 Oct 2023 00:00:00 +0530 Wed, 18 Oct 2023 06:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444537 The Tribunal partly allowed the appeal in favor of the appellants, M/s Namco Industries Pvt. Ltd., by setting aside the redemption fine of Rs.60,00,000/- and penalty of Rs.30,00,000/- imposed by the Commissioner under Section 112(a) of the Customs Act, 1962. It upheld the order confirming the recovery of duty foregone and interest, as the appellants had fulfilled the conditions of Customs Notification No.96/2009-Cus by paying the differential duty and interest and obtaining necessary permissions from DGFT before the issuance of the show-cause notice. Case-Laws Customs Thu, 12 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444537