https://www.taxtmi.com/caselaws?id=450114 CESTAT Ahmedabad reduced redemption fines and penalties imposed on appellant for undervaluation of imported goods. The tribunal noted that immunity granted under one show cause notice did not cover another notice, but considering appellant's compliance with Settlement Commission obligations, adopted a lenient approach. Redemption fines were reduced from Rs. 12,00,000/-, Rs. 20,00,000/- and Rs. 7,50,000/- to Rs. 6,00,000/-, Rs. 10,00,000/- and Rs. 4,00,000/- respectively. Penalty under section 12 was reduced from Rs. 20,00,000/- to Rs. 5,00,000/-. Appeals were partly allowed with order modified accordingly. en-us Mon, 26 Feb 2024 00:00:00 +0530 Wed, 28 Feb 2024 08:35:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450114 CESTAT Ahmedabad reduced redemption fines and penalties imposed on appellant for undervaluation of imported goods. The tribunal noted that immunity granted under one show cause notice did not cover another notice, but considering appellant's compliance with Settlement Commission obligations, adopted a lenient approach. Redemption fines were reduced from Rs. 12,00,000/-, Rs. 20,00,000/- and Rs. 7,50,000/- to Rs. 6,00,000/-, Rs. 10,00,000/- and Rs. 4,00,000/- respectively. Penalty under section 12 was reduced from Rs. 20,00,000/- to Rs. 5,00,000/-. Appeals were partly allowed with order modified accordingly. Case-Laws Customs Mon, 26 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450114