https://www.taxtmi.com/caselaws?id=450465 The Tribunal determined that the imported goods, specifically bed sheets made of 100% polyester yarn, were correctly classified by the respondent under CTH 6304 as "Other furnishing articles." Consequently, the goods were not subject to confiscation, and no penalty or redemption fine was imposed. The Tribunal dismissed the Revenue's appeal, finding no evidence of willful mis-declaration by the respondent, thereby negating the imposition of a penalty under Section 114A of the Customs Act, 1962. This decision underscores the necessity for accurate classification and the requirement of evidence of intentional mis-declaration to justify penalties. en-us Thu, 29 Feb 2024 00:00:00 +0530 Tue, 05 Mar 2024 16:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450465 The Tribunal determined that the imported goods, specifically bed sheets made of 100% polyester yarn, were correctly classified by the respondent under CTH 6304 as "Other furnishing articles." Consequently, the goods were not subject to confiscation, and no penalty or redemption fine was imposed. The Tribunal dismissed the Revenue's appeal, finding no evidence of willful mis-declaration by the respondent, thereby negating the imposition of a penalty under Section 114A of the Customs Act, 1962. This decision underscores the necessity for accurate classification and the requirement of evidence of intentional mis-declaration to justify penalties. Case-Laws Customs Thu, 29 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450465