https://www.taxtmi.com/caselaws?id=47106 The High Court of Punjab & Haryana at Chandigarh upheld the Tribunal's decision on the redemption fine imposed on the petitioner for misdeclaration of goods, emphasizing the importance of accurate customs declarations. The court rejected the petitioner's claim of acting bona fide due to admitted liability and reduced the redemption fine to Rs. 10 lakhs. The court dismissed the petition challenging penalty assessment, fines, and liability for another individual's actions, finding no legal basis for the claims and affirming the Tribunal's findings. en-us Tue, 16 Mar 2004 00:00:00 +0530 Tue, 27 Jul 2010 10:28:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=47106 The High Court of Punjab & Haryana at Chandigarh upheld the Tribunal's decision on the redemption fine imposed on the petitioner for misdeclaration of goods, emphasizing the importance of accurate customs declarations. The court rejected the petitioner's claim of acting bona fide due to admitted liability and reduced the redemption fine to Rs. 10 lakhs. The court dismissed the petition challenging penalty assessment, fines, and liability for another individual's actions, finding no legal basis for the claims and affirming the Tribunal's findings. Case-Laws Customs Tue, 16 Mar 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=47106