https://www.taxtmi.com/caselaws?id=757295 Imported footwear qualified for the concessional IGST rate only if the retail sale price did not exceed the prescribed limit and was indelibly marked or embossed on the goods. Because the footwear admittedly lacked the required MRP/RSP marking, the condition for concessional treatment was not met and the lower rate was unavailable. On that basis, confiscation of the goods was justified, and the redemption fine and penalty under the Customs Act, 1962 were upheld as nominal in relation to the differential duty. en-us Wed, 31 Jan 2024 00:00:00 +0530 Thu, 22 Aug 2024 09:07:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757295 Imported footwear qualified for the concessional IGST rate only if the retail sale price did not exceed the prescribed limit and was indelibly marked or embossed on the goods. Because the footwear admittedly lacked the required MRP/RSP marking, the condition for concessional treatment was not met and the lower rate was unavailable. On that basis, confiscation of the goods was justified, and the redemption fine and penalty under the Customs Act, 1962 were upheld as nominal in relation to the differential duty. Case-Laws Customs Wed, 31 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757295