TMI BlogThe Tribunal reduced the redemption fine and penalty for importing old clothing. Referring to a previous...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. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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