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2017 (8) TMI 1032 - CESTAT CHENNAIRedemption fine - penalty - Confiscation of export goods - misdeclaration - whether the goods exported are Finished Leathers? - Held that: - Section 113 of the Customs Act, 1962 provides for confiscation of goods that are entered for exportation which do not correspond in any material particular with any information furnished by the exporter. Since the finding has been entered that the goods declared as Finished Leathers do not conform to the standards of Finished Leathers , the same are liable for confiscation - however, imposition of both the Redemption Fine and penalty are on the higher side and both are required to be reduced to ₹ 1,00,000/- and ₹ 50,000/- respectively - appeal allowed - decided partly in favor of appellant.
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