https://www.taxtmi.com/caselaws?id=46510 The Supreme Court partially allowed the appeal in a case involving the misdeclaration of optical disc drives for radio cassette recorders. While upholding the confiscation of goods, the Court reduced the redemption fine to Rs. 1,00,000 and the penalty to Rs. 25,000 due to the appellant's genuine belief in entitlement to import the goods for industrial use. The Court considered the lack of deliberate intent to violate import policies and the appellant's history of similar imports, leading to a lenient view and no order as to costs. en-us Tue, 28 Jan 2003 00:00:00 +0530 Mon, 23 Jun 2014 13:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=46510 The Supreme Court partially allowed the appeal in a case involving the misdeclaration of optical disc drives for radio cassette recorders. While upholding the confiscation of goods, the Court reduced the redemption fine to Rs. 1,00,000 and the penalty to Rs. 25,000 due to the appellant's genuine belief in entitlement to import the goods for industrial use. The Court considered the lack of deliberate intent to violate import policies and the appellant's history of similar imports, leading to a lenient view and no order as to costs. Case-Laws Customs Tue, 28 Jan 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=46510