https://www.taxtmi.com/caselaws?id=446284 CESTAT Chennai held that confiscation of imported Maxx Air Pedestal Fans was unjustified where differential customs duty was paid by appellant-importer. Court found no mala fides as email correspondence showed genuine confusion between appellant and vendor regarding MRP versus RSP declaration requirements under Section 4A. Vendor's failure to implement agreed price revision due to currency fluctuation did not constitute willful mis-declaration warranting confiscation under Section 111 or penalties under Section 112(a). Appeal allowed, no redemption fine imposed under Section 125. en-us Wed, 29 Nov 2023 00:00:00 +0530 Wed, 29 Nov 2023 12:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=446284 CESTAT Chennai held that confiscation of imported Maxx Air Pedestal Fans was unjustified where differential customs duty was paid by appellant-importer. Court found no mala fides as email correspondence showed genuine confusion between appellant and vendor regarding MRP versus RSP declaration requirements under Section 4A. Vendor's failure to implement agreed price revision due to currency fluctuation did not constitute willful mis-declaration warranting confiscation under Section 111 or penalties under Section 112(a). Appeal allowed, no redemption fine imposed under Section 125. Case-Laws Customs Wed, 29 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=446284