https://www.taxtmi.com/caselaws?id=759913 Import of old and used worn clothing without the required licence attracted confiscation under the customs import restriction regime, and the dispute was limited to whether the redemption fine and penalty required further enhancement. The Tribunal accepted that confiscation was justified but declined to interfere with the reduced monetary levy fixed by the Commissioner (Appeals), holding that the moderation of the fine and penalty met the ends of justice. The 10% redemption fine and 5% penalty were therefore treated as adequate, and the Revenue's challenge to increase them was rejected. en-us Wed, 09 Oct 2024 00:00:00 +0530 Wed, 09 Oct 2024 18:39:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759913 Import of old and used worn clothing without the required licence attracted confiscation under the customs import restriction regime, and the dispute was limited to whether the redemption fine and penalty required further enhancement. The Tribunal accepted that confiscation was justified but declined to interfere with the reduced monetary levy fixed by the Commissioner (Appeals), holding that the moderation of the fine and penalty met the ends of justice. The 10% redemption fine and 5% penalty were therefore treated as adequate, and the Revenue's challenge to increase them was rejected. Case-Laws Customs Wed, 09 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759913