https://www.taxtmi.com/caselaws?id=754798 CESTAT Bangalore allowed appeals in part regarding confiscation and penalty on imported marble slabs. Appellant imported marble declaring values below 60 USD per sq.m., prompting authorities to enhance value to 60 USD and impose fine and penalty. Commissioner(Appeals) had reduced penalties considering unintentional mistake. CESTAT found no merit in appellant's argument that market survey was required, as value enhancement was done at appellant's request. However, considering circumstances and precedent, CESTAT reduced redemption fine from 22% to 10% and penalty from 6% to 5% of enhanced value, finding original quantum harsh. en-us Thu, 27 Jun 2024 00:00:00 +0530 Mon, 01 Jul 2024 08:31:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754798 CESTAT Bangalore allowed appeals in part regarding confiscation and penalty on imported marble slabs. Appellant imported marble declaring values below 60 USD per sq.m., prompting authorities to enhance value to 60 USD and impose fine and penalty. Commissioner(Appeals) had reduced penalties considering unintentional mistake. CESTAT found no merit in appellant's argument that market survey was required, as value enhancement was done at appellant's request. However, considering circumstances and precedent, CESTAT reduced redemption fine from 22% to 10% and penalty from 6% to 5% of enhanced value, finding original quantum harsh. Case-Laws Customs Thu, 27 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754798