Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Customs - Highlights / Catch Notes

Home Highlights December 2014 Year 2014 This

Computation of redemption fine - Whether the Tribunal is ...

Customs

December 30, 2014

Computation of redemption fine - Whether the Tribunal is justified in holding that the misdeclared value of the goods cannot be reduced to the actual market value of the goods attempted to be exported - Held Yes - HC

View Source

 


 

You may also like:

  1. Valuation of imported goods - Viscose Filament Yarn (VFY) - under-invoicing by misdeclaring the value - rejection of declared value - Demand confirmed - levy of penalty...

  2. Import of Second hand goods without licence - Confiscation of goods – Redemption fine – Commissioner (Appeals) reduced the redemption fine/penalty - order of...

  3. Imposition of redemption fine and penalty - Overvaluation export of readymade garments - The CESTAT observed that, to ascertain the value of goods, the Revenue has done...

  4. Redemption fine - theoretically redemption fine could be enhanced but it is essential to determine the market price of the confiscated goods adjudicated upon - AT

  5. Tribunal has the jurisdiction to reduce the redemption fine if he thinks it is just and proper - HC

  6. Import of baggage without declaring goods - Levy of penalty - carrying contraband or dutiable goods - the Commissioner (Appeals) has erred in reducing the redemption...

  7. Levy of Redemption Fine and penalty - Confiscation of imported goods - The goods imported were restricted goods and could have been imported on the basis of the Licence...

  8. Project import - Since the goods were never used for the purpose for which it was imported, the actual user condition has been violated - Redemption fine and penalty imposed.

  9. Confiscation of Hydrogenated Vegetable oil - Non compliance with the provisions of Prevention of Food Adulteration Act, 1954 - prohibited goods - Confiscation upheld but...

  10. Mis-declaration of description of goods – export of non-basmati rice as basmati rice - no leniency can be made to reduce redemption fine - AT

 

Quick Updates:Latest Updates