https://www.taxtmi.com/caselaws?id=764208 The Tribunal identified an error in its Final Order regarding the quantification of redemption fines and penalties on polyester carpets and threading bars. It rectified this by specifying the redemption fine for carpets at Rs.9,00,000/- and the penalty at Rs.4,00,000/-. The Tribunal found that the Commissioner (Appeals) had unjustifiably reduced these amounts, given the goods' market value and legal provisions. The decision to increase fines and penalties was based on ensuring clarity and compliance with statutory limits. The Tribunal confirmed the findings on threading bars, partially allowing the appeal. en-us Fri, 03 Jan 2025 00:00:00 +0530 Mon, 06 Jan 2025 08:42:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764208 The Tribunal identified an error in its Final Order regarding the quantification of redemption fines and penalties on polyester carpets and threading bars. It rectified this by specifying the redemption fine for carpets at Rs.9,00,000/- and the penalty at Rs.4,00,000/-. The Tribunal found that the Commissioner (Appeals) had unjustifiably reduced these amounts, given the goods' market value and legal provisions. The decision to increase fines and penalties was based on ensuring clarity and compliance with statutory limits. The Tribunal confirmed the findings on threading bars, partially allowing the appeal. Case-Laws Customs Fri, 03 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764208