The Tribunal reduced the redemption fine and penalty for ...
Tribunal cuts fine & penalty for importing old clothes. Confiscation upheld but fine & penalty reduced to 10% & 5%. CESTAT
Case Laws Customs
August 13, 2024
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.
View Source