https://www.taxtmi.com/caselaws?id=35421 The Tribunal upheld the confiscation of imported scrap due to the absence of a valid PSI certificate under the amended EXIM Policy but reduced the Redemption Fine to Rs. 1.00 lakh. The penalty was waived considering the absence of objectionable findings in the consignment and the Appellants' proactive efforts to obtain certification despite circumstances beyond their control. The judgment underscores the importance of adhering to PSI certification requirements for scrap imports post-amendment, balancing enforcement with mitigating factors. en-us Thu, 25 Sep 2008 00:00:00 +0530 Fri, 05 Mar 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35421 The Tribunal upheld the confiscation of imported scrap due to the absence of a valid PSI certificate under the amended EXIM Policy but reduced the Redemption Fine to Rs. 1.00 lakh. The penalty was waived considering the absence of objectionable findings in the consignment and the Appellants' proactive efforts to obtain certification despite circumstances beyond their control. The judgment underscores the importance of adhering to PSI certification requirements for scrap imports post-amendment, balancing enforcement with mitigating factors. Case-Laws Customs Thu, 25 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35421