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2018 (7) TMI 188 - CESTAT CHENNAIRedemption fine - penalty - misdeclaration of imported goods - rerollable steel scrap - the goods were misdeclared as heavy melting scrap which attracts nil BCD - Held that:- It is seen from the records that the appellant had misdeclared the goods as heavy melting scrap. However, the quantum of duty that would have been payable in case the goods are described as re-rollable scrap is only ₹ 63,000/- - further, the appellant is a first importer. The redemption fine can be reduced from ₹ 3,00,000/- to ₹ 1,00,000/- - quantum of penalty upheld - appeal allowed in part.
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