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Customs - Highlights / Catch Notes

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Levy of redemption fine and penalty - re-export of goods - ...

Customs

September 27, 2022

Levy of redemption fine and penalty - re-export of goods - misdeclaration of goods - the penalty imposed under Section 112 (a) of the Customs Act, 1962 is proper. However, the penalty of Rs.7 lakhs appears to be on a higher side. The penalty calls for reduction and it is reduced to Rs. 2 lakhs - AT

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