Home Case Index All Cases Customs Customs + AT Customs - 2016 (12) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2016 (12) TMI 1310 - CESTAT BANGALOREImposition of redemption fine and personal penalty - valuation of goods - rejection of declared value as found to be abnormally low - is quantum and imposition of fine and penalty justified? - Held that: - the redemption fine and the penalties imposed in the present cases are not excess keeping in view the past conduct of the appellants. The goods imported are rightly confiscated under Section 111(d) of the Customs Act 1962 read with Section 3(3) of Foreign Trade (Development and Regulation) Act, 1992. The appellant had a mens rea in importing repeatedly the same thing knowing well that it is not permitted under the law. Therefore, the redemption fine and the penalty should be upheld - appeal dismissed - decided against appellant-assessee.
|