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2018 (9) TMI 1157 - AT - CustomsPenalty u/s 114A of CA - Classification of imported goods, ‘binders’ with different nomenclatures - Bonafide classification - the appellant had paid the duty and interest much before the issuance of SCN - Held that:- When a bona fide mistake was admitted right at the initial stage, we have to only hold that it was without any intention of defrauding the Revenue and therefore, we are of the view that no penalty is exigible. Reduction in quantum of penalty - Held that:- When the lower appellate authority grants leniency to an extent of 75%, we see no reason not to extend it to 100% when clearly the Revenue is not in appeal. Appeal allowed - decided in favor of appellant.
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