https://www.taxtmi.com/caselaws?id=751792 The Tribunal upheld the confiscation of imported old and used worn clothing under Section 111(d) of the Customs Act, 1962, due to non-compliance with licensing requirements. It reduced the redemption fine to 10% and the penalty to 5% of the assessed value, deeming these measures sufficient. The Revenue's appeal for higher penalties was dismissed, affirming the Commissioner's decision. en-us Tue, 23 Apr 2024 00:00:00 +0530 Thu, 25 Apr 2024 15:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751792 The Tribunal upheld the confiscation of imported old and used worn clothing under Section 111(d) of the Customs Act, 1962, due to non-compliance with licensing requirements. It reduced the redemption fine to 10% and the penalty to 5% of the assessed value, deeming these measures sufficient. The Revenue's appeal for higher penalties was dismissed, affirming the Commissioner's decision. Case-Laws Customs Tue, 23 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751792