2001 (3) TMI 632 - AT - Customs

Summary

The Appellate Tribunal CEGAT, New Delhi found that goods imported as "polyester warp knit fabrics" were actually "polyester knit pile fabrics." The appellant was fined Rs. 10 lakhs for misdeclaration and a penalty of Rs. 2.5 lakhs under the Customs Act. The Tribunal reduced the redemption fine and penalty from Rs. 25 lakhs and Rs. 5 lakhs, respectively. The appeal was partly allowed.