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2024 (2) TMI 208 - CESTAT KOLKATAReduction in the quantum of redemption fine and penalty - import of old and used worn clothing, completely fumigated - HELD THAT:- This Tribunal in the case of VENUS TRADERS, RAINBOW INTERNATIONAL, AL-YASEEN ENTERPRISES, GLOBE INTERNATIONAL, KRISHNA EXPORT CORPORATION, PRECISION IMPEX, BMC SPINNERS PVT. LTD., SHIVAM TRADERS, LEELA WOOLEN MILLS, M.U. TEXTILES VERSUS COMMISSIONER OF CUSTOMS (IMPORTS) MUMBAI [2018 (11) TMI 625 - CESTAT MUMBAI], wherein this Tribunal has observed In the light of the admitted failure to comply with the licensing requirements, we uphold the confiscation of the goods under Section 111(d) of Customs Act, 1962. However, it is our opinion that the ends of justice would be served by reducing the redemption fine to 10% of the ascertained value and penalty to 5%. Thus, the redemption fine and penalty imposed on the respondent to the tune of 10% & 5% respectively on the assessed value is sufficient - there are no infirmity in the impugned order and the same is upheld - The appeals filed by the Revenue are dismissed.
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