https://www.taxtmi.com/caselaws?id=765317 CESTAT NEW DELHI allowed the appeal involving misdeclaration of imported goods where zinc ingots were declared as lead ingots. The tribunal held that since both items were freely importable with identical duty rates and the foreign supplier's error was bonafide without monetary benefit to the importer, confiscation and penalty were unjustified. The adjudicating authority's order imposing confiscation with redemption fine and penalty was set aside, recognizing the misdeclaration as genuine mistake rather than deliberate duty evasion. en-us Tue, 28 Jan 2025 00:00:00 +0530 Thu, 30 Jan 2025 08:24:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765317 CESTAT NEW DELHI allowed the appeal involving misdeclaration of imported goods where zinc ingots were declared as lead ingots. The tribunal held that since both items were freely importable with identical duty rates and the foreign supplier's error was bonafide without monetary benefit to the importer, confiscation and penalty were unjustified. The adjudicating authority's order imposing confiscation with redemption fine and penalty was set aside, recognizing the misdeclaration as genuine mistake rather than deliberate duty evasion. Case-Laws Customs Tue, 28 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765317