https://www.taxtmi.com/caselaws?id=766261 CESTAT Kolkata allowed the appeal in part regarding importation of peas and yellow peas. The tribunal found pre-deposit condition was satisfied through security deposit of Rs.91,30,121 provided by appellant. Following precedent in Rahul Agro Industries case with similar facts, the tribunal reduced penalty from Rs.60,00,000 to Rs.8,00,000 and redemption fine from Rs.60,00,000 to Rs.8,00,000. Confiscation under section 111(d) was upheld as imports violated DGFT notifications. Appellant had challenged the notifications before Calcutta HC which granted interim stay allowing provisional clearance. en-us Thu, 20 Feb 2025 00:00:00 +0530 Fri, 21 Feb 2025 08:23:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766261 CESTAT Kolkata allowed the appeal in part regarding importation of peas and yellow peas. The tribunal found pre-deposit condition was satisfied through security deposit of Rs.91,30,121 provided by appellant. Following precedent in Rahul Agro Industries case with similar facts, the tribunal reduced penalty from Rs.60,00,000 to Rs.8,00,000 and redemption fine from Rs.60,00,000 to Rs.8,00,000. Confiscation under section 111(d) was upheld as imports violated DGFT notifications. Appellant had challenged the notifications before Calcutta HC which granted interim stay allowing provisional clearance. Case-Laws Customs Thu, 20 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766261