2000 (11) TMI 646 - AT - Customs

Summary

The appeal was against a penalty of Rs. 26.84 lacs imposed on the appellant under Section 114 of the Customs Act, 1962. The appellant reimported cefaclor suspension and capsules, cleared under the wrong classification. The appellant pointed out the error, paid the duty with interest voluntarily, and the penalty was set aside by the Appellate Tribunal CEGAT, Mumbai.