https://www.taxtmi.com/caselaws?id=753452 CESTAT Chandigarh allowed appeals concerning import of pre-painted steel coils under MIP restrictions. The Tribunal found Commissioner (Appeals) failed to provide sufficient reasons for imposing redemption fine and penalty. Since no mis-declaration of description or transaction value occurred and confiscation under Section 111(d) was set aside, penalty under Section 112(a) could not be sustained. Without malafide intention to evade duty, and given the matter involved interpretation issues, no confiscation, redemption fine, or penalty was imposable. Both impugned orders were set aside with consequential relief. en-us Thu, 30 May 2024 00:00:00 +0530 Sat, 01 Jun 2024 16:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753452 CESTAT Chandigarh allowed appeals concerning import of pre-painted steel coils under MIP restrictions. The Tribunal found Commissioner (Appeals) failed to provide sufficient reasons for imposing redemption fine and penalty. Since no mis-declaration of description or transaction value occurred and confiscation under Section 111(d) was set aside, penalty under Section 112(a) could not be sustained. Without malafide intention to evade duty, and given the matter involved interpretation issues, no confiscation, redemption fine, or penalty was imposable. Both impugned orders were set aside with consequential relief. Case-Laws Customs Thu, 30 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753452