https://www.taxtmi.com/caselaws?id=448385 The CESTAT NEW DELHI dismissed an appeal involving confiscation of imported old un-mutilated mixed hosiery clothing. The goods were classified under Tariff item 63090000 as restricted items requiring import license under Foreign Trade Policy 2015-2020, which the appellant failed to obtain. The tribunal found duty evasion of Rs.3,05,641 and upheld confiscation under Section 111(m) and penalty under Section 112(a) due to misdeclaration of description, weight and value. The redemption fine of Rs.4,50,000 was deemed proportionate to the assessable value of Rs.22,90,920 and sustained. en-us Mon, 15 Jan 2024 00:00:00 +0530 Wed, 17 Jan 2024 17:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448385 The CESTAT NEW DELHI dismissed an appeal involving confiscation of imported old un-mutilated mixed hosiery clothing. The goods were classified under Tariff item 63090000 as restricted items requiring import license under Foreign Trade Policy 2015-2020, which the appellant failed to obtain. The tribunal found duty evasion of Rs.3,05,641 and upheld confiscation under Section 111(m) and penalty under Section 112(a) due to misdeclaration of description, weight and value. The redemption fine of Rs.4,50,000 was deemed proportionate to the assessable value of Rs.22,90,920 and sustained. Case-Laws Customs Mon, 15 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448385