https://www.taxtmi.com/caselaws?id=450115 The Tribunal partially allowed the appeals, reducing the redemption fine and penalty imposed under the Customs Act 1962. Recognizing the Appellant's bona fide conduct and significant demurrage costs due to delayed shipment, the Tribunal modified the orders. In Appeal No. C/10327/16, the fine and penalty were reduced to Rs. 25,00,000 and Rs. 4,00,000, respectively. In Appeal No. C/10623/16, they were reduced to Rs. 20,00,000 and Rs. 3,00,000, respectively. en-us Mon, 26 Feb 2024 00:00:00 +0530 Wed, 28 Feb 2024 08:35:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450115 The Tribunal partially allowed the appeals, reducing the redemption fine and penalty imposed under the Customs Act 1962. Recognizing the Appellant's bona fide conduct and significant demurrage costs due to delayed shipment, the Tribunal modified the orders. In Appeal No. C/10327/16, the fine and penalty were reduced to Rs. 25,00,000 and Rs. 4,00,000, respectively. In Appeal No. C/10623/16, they were reduced to Rs. 20,00,000 and Rs. 3,00,000, respectively. Case-Laws Customs Mon, 26 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450115