Tribunal cuts fine & penalty for importing old clothes. Confiscation upheld but fine & penalty reduced to 10% & 5%. CESTAT

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....The Tribunal reduced the redemption fine and penalty for importing old clothing. Referring to a previous case, it upheld confiscation due to non-compliance but decreased the fine to 10% of value and penalty to 5%. The imposed 10% fine and 5% penalty were deemed adequate for justice. The Tribunal found no issues with the order and dismissed the Revenue's appeal. CESTAT stands for Appellate Tribunal.....