2003 (6) TMI 244 - AT - Customs

Summary

The Appellate Tribunal CESTAT, Mumbai upheld the Order-in-Appeal passed by the Commissioner of Customs, finding the importers guilty of misdeclaration of imported goods as non-alloy steel bars instead of alloy steel. The tribunal reduced the redemption fine to Rs. 1.5 lakhs and the penalty to Rs. 50,000, providing consequential benefit to the appellant. The appeal was dismissed except for the reduction in fines and penalties.