https://www.taxtmi.com/caselaws?id=765093 CESTAT Mumbai upheld reclassification of imported high conductivity copper bus bars from CTI 7407 21 20 to CTI 7407 10 30 based on actual copper content discovered during examination. The tribunal denied FTA benefits under notification 46/2011-Customs as they were unavailable for the correct classification. Confiscation under Section 111(m) was justified due to incorrect tariff classification and improper FTA claims in the bill of entry. However, considering appellants described goods per invoice and certificates from originating country, redemption fine was reduced from Rs.2,00,000 to Rs.50,000 and penalty from Rs.50,000 to Rs.10,000. Appeal allowed in part. en-us Wed, 22 Jan 2025 00:00:00 +0530 Sat, 25 Jan 2025 08:26:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765093 CESTAT Mumbai upheld reclassification of imported high conductivity copper bus bars from CTI 7407 21 20 to CTI 7407 10 30 based on actual copper content discovered during examination. The tribunal denied FTA benefits under notification 46/2011-Customs as they were unavailable for the correct classification. Confiscation under Section 111(m) was justified due to incorrect tariff classification and improper FTA claims in the bill of entry. However, considering appellants described goods per invoice and certificates from originating country, redemption fine was reduced from Rs.2,00,000 to Rs.50,000 and penalty from Rs.50,000 to Rs.10,000. Appeal allowed in part. Case-Laws Customs Wed, 22 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765093