https://www.taxtmi.com/caselaws?id=757455 CESTAT New Delhi upheld absolute confiscation of counterfeit goods after appellant abandoned them, claiming they never belonged to him and he had not placed any order. The appellant's subsequent attempt to reclaim goods was deemed impermissible. For remaining goods, the tribunal accepted valuation under Rule 9 through market survey with 60% abatement, but reduced redemption fine from full value to a lesser amount as the original fine equal to goods' value was harsh. Penalty under sections 114A and 114AA was set aside, with penalty under section 112(a) reduced to Rs. 9,00,000. Appeal partially allowed. en-us Thu, 22 Aug 2024 00:00:00 +0530 Sat, 24 Aug 2024 10:50:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757455 CESTAT New Delhi upheld absolute confiscation of counterfeit goods after appellant abandoned them, claiming they never belonged to him and he had not placed any order. The appellant's subsequent attempt to reclaim goods was deemed impermissible. For remaining goods, the tribunal accepted valuation under Rule 9 through market survey with 60% abatement, but reduced redemption fine from full value to a lesser amount as the original fine equal to goods' value was harsh. Penalty under sections 114A and 114AA was set aside, with penalty under section 112(a) reduced to Rs. 9,00,000. Appeal partially allowed. Case-Laws Customs Thu, 22 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757455